{"id":73,"date":"2014-06-09T18:38:00","date_gmt":"2014-06-09T18:38:00","guid":{"rendered":"http:\/\/dev.gahomesdigest.com\/blog\/what-to-look-for-when-buying-a-home-in-todays-real-estate-market.html"},"modified":"2014-06-09T18:38:00","modified_gmt":"2014-06-09T18:38:00","slug":"what-to-look-for-when-buying-a-home-in-todays-real-estate-market","status":"publish","type":"post","link":"https:\/\/search4.homes\/what-to-look-for-when-buying-a-home-in-todays-real-estate-market\/","title":{"rendered":"What To Look For When Buying A Home In Today’s Real Estate Market"},"content":{"rendered":"
Top topics right now are:<\/p>\n
What this means is that housing prices are going up. \u00a0If the news is talking about this, then typically they are 6 months behind on the market. \u00a0(The simple reason is there is no data usually until after 6 months). \u00a0With prices up but rates down there’s a bunch of things that you should look for when buying a home in today’s real estate market.<\/p>\n
You need to know what you qualify for but first, you should set a monthly budget and decide how much to spend on housing. \u00a0I usually suggest taking 30% off of your income, then minus you non-housing expenses to see what’s left over. Meaning if you have a $1,000 a month job, start at $700, deduct your monthly expenses and see what’s left over. \u00a0In this example, it might not be much. The 30% is your cushion which you might think is high but 10% Tithe\/Giving, 10% Savings, 10% for surprises, furniture for the home, utilities… yeah it’s not as much as it looks.<\/p>\n
That’s why we took a look at the headlines. \u00a0First you need your budget so you know what to look for when buying a home in terms of price, the second key is to know the market where you are looking. \u00a0 For instance, there’s new timelines on finding homes based on price range and those can be affected by area. \u00a0In general,<\/p>\n
In today’s market you want a Real Estate team, not a single agent. \u00a0The reason is that you want the expertise of a company that understands the selling side of the business enough to help out with Fannie Mae, HUD or Short Sale Homes as well as a buyer’s specialist (and even showing specialists) who can get you to the property fast enough to win the property. Some key questions for the agent and their team:<\/p>\n
If you read this far, then you know there’s some major changes going on and you should be warned that although it’s a great time to buy, it can be frustrating if you don’t know what to look for when buying a home.<\/p>\n
Related Real Estate Resources:<\/strong><\/p>\n Warning! If you have not been looking at real estate non-stop for the last 10 years you might miss some of the biggest changes in the market that going on right now. \u00a0 What you hear on the news might not be exactly what is going on. \u00a0Let’s first look at what’s hot in real […]<\/p>\n","protected":false},"author":1,"featured_media":400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,8],"tags":[5,7,14,21,17,9,30,31,32],"_links":{"self":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/73"}],"collection":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/comments?post=73"}],"version-history":[{"count":0,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/73\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/400"}],"wp:attachment":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/media?parent=73"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/categories?post=73"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/tags?post=73"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n