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 Phoenix housing market has been on a roller coaster ride over the past few months. After hitting record highs in September 2022, median home prices have dropped for two consecutive months, entering into a buyer's market for the first time since 2010. So what does this mean for potential home buyers in Phoenix? Does this new buyer's market signal that it is finally time to take the plunge and purchase...
by The Offer Company 
According to a recent report by Redfin, the Phoenix metro area experienced a 23% price drop between February and October—the most dramatic among the 99 most populous U.S. metros. This presents a once-in-a-lifetime opportunity for homebuyers who have been waiting for the perfect time to purchase their dream home.Now may be the Time to Buy Your Dream Home in PhoenixFor anyone who has been patiently waiting...
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...
Your debt-to-income ratio is one of the key factors in qualifying for a new home loan. But how much do you really know about this important calculation and what can you do to move it in your favor? Your debt-to-income ratio, or DTI, is used by mortgage lenders in making a decision regarding your worthiness for a home loan. If your DTI is too high, you could end up paying a higher interest rate or worse...
