The housing market in 2023 has already been challenging for many first-time homebuyers, especially millennials. Low inventory levels and rising mortgage rates have left many potential buyers scrambling to find a good deal on a home that meets their needs and budget. In order to make an informed decision when buying a house this year, it's important for potential homeowners to understand current trends and...
by The Offer Company 
The red-hot housing market in 2022 already has an estimated 270,000 homebuyers who owe more than their house is worth. According to Black Knight's analysis of the 450,000 underwater borrowers from Q3 this year, around 60% had mortgages issued during the first nine months of 2022 - that's one out of every twelve homes purchased with a mortgage! Additionally, nearly 40% have less than 10% equity left for any...
by The Offer Company 
There are a lot of times when a seller wants to sell their home quickly, but that doesn’t always mean they are ready to move quickly. Situations like waiting on a new construction home to be finished, the start or end of the school year, problems scheduling movers or the timing of a work-related relocation are just a few of the reasons a seller may want to stay put for just a bit longer.Rather than...
by The Offer Company 
If you’ve done your homework, you know how important it is to get your financial house in order before applying for your mortgage. But in many ways, that’s just the first step. A lot of buyers let out a big sigh of relief once they’ve gotten through their application, and end up making some mistakes that can cost them time, money and headache. In some cases, a misstep could even cost them their loan...
by The Offer Company 
The mortgage process can be one of the most anxiety-ridden steps in achieving new homeownership. There are all the necessary documents to pull together, the need to avoid large purchases or opening lines of credit, and often, repeated requests for additional information along the way. And, one of the biggest pain points is understanding how much money you need to bring to the table when it finally comes...
by The Offer Company 
When getting ready to buy a home, most would-be new homeowners focus on saving up a down payment. While that’s important, coming up with enough cash for a down payment is only part of the picture. Until you also save enough to cover all your closing costs, you aren’t financially prepared to purchase your home. What are closing costs? Closing costs are a summation of the additional fees you will pay...
by The Offer Company 
The idea of buying a home can be exciting–especially if it is your first home purchase. Homeownership can offer a number of financial and emotional benefits. While there are several steps to get through before you can start to enjoy homeownership, it’s important to be sure you’re ready for what lies ahead before you start viewing properties. Here are three important questions to ask yourself as you...
by The Offer Company 
If you are about to become an empty nester–or even if you’ve been one for a while now–you may be thinking about downsizing from the family home. After all, bigger isn’t always better, especially once the kids are out of the house and you start to find you’ve got a lot more space than you know what to do with. The larger the home, the more time and money it takes to maintain. Downsizing...
When you’ve got your home listed, getting an offer can be exciting. And, in today’s market, it’s more likely you’ll be looking at multiple offers at one time. Comparing those offers can be a challenge, particularly when it comes to understanding the contingencies that you might see. Read on to learn what you need to know as the seller. Three common contingencies While these are common...
With buyer competition reaching new heights, it’s no wonder homebuyers feel they need to pull out all the stops to ensure their offer rises to the top. There’s nothing like the frustration of losing out on a house that checked all your boxes—especially if it turns out to be a matter of a few thousand dollars you would be willing to throw into the deal, if given the chance. Pursuit of the top...
