Home Buyers Guide Summer 2020

If you are thinking of buying a home in Vero Beach, this is the special edition of the Summer 2020 Buyers Guide, which explains Why This Housing Market Is Not Like 2008, The Mortgage Rates & Home Prices, What You Can Do Now If You Want to Buy a Home, Four Tips for Success when making an offer, and much more.

Take a look at what is inside in the Home Buyers Guide Summer of 2020 and get it for FREE today!

What is inside the Home Buyers Guide Winter 2020

WHY THIS HOUSING MARKET IS NOT LIKE 2008

There are so many questions swirling around today about where the housing market is headed amid this economic slowdown. In order to best understand the current state of the market and how expert projections may play out, it’s best to look at our economic history, and how today is vastly different than the housing crisis of 2008, known as the Great Recession.

Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession –the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that caused a pause in the economy and a major shutdown in many parts of the country.

We’re simply not in the same boat as we were in 2008. Here are five big reasons why that can give you greater confidence if you’re thinking of buying a home this year

1. Prices Continue to Rise
2. Mortgage Interest Rates Are at Historic Lows
3. Number of Homes for Sale is much lower
4. Home Equity is much higher

MORTGAGE RATES & HOME PRICES

Two things working to a buyer’s advantage today are low mortgage rates and home prices. Here’s a look at what the experts are saying, and why sooner rather than later may be an ideal time to buy a home

Today’s low mortgage rates are not just low – they’re hovering near historic all-time lows. The even better news? According to Freddie Mac, rates are forecasted to remain low through the first quarter of next year (see graph).

WHAT YOU CAN DO NOW IF YOU WANT TO BUY A HOME

If you’re thinking about buying a home in Vero Beach this year, there are important things you can do right now to keep the home buying process moving forward. From pre-approval for a mortgage to saving for your down payment, you can still work confidently toward homeownership.

1. Learn About the Process and How Much You Can Afford.
2. Save For Your Down Payment & Closing Costs.

FOUR TIPS FOR SUCCESS WHEN MAKING AN OFFER

Once you find the perfect house to call your new home, making an offer can be an intimidating part of the buying process. In such a competitive market, you’ll want to make sure you make all the right moves to ultimately land your dream home.

Below are four helpful tips provided by Freddie Mac so you can feel more confident about making a solid offer on your next home.

1. Determine Your Price
2. Submit an Offer
3. Negotiate the Offer
4. Act Fast

Whether buying your first home or your fifth, let’s talk about your needs and what you’re looking for to make sure the process goes smoothly

Get this Summer 2020 Buyers Guide and find out the financial reasons why owning a Vero Beach home of your own makes a lot of sense.

You will find a lot more information in this NEW seasonal edition of the Home Buyers Guide for Summer 2020 by requesting one using the form below. It is FREE.