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First-time homebuyers - a Young Family Looking at a Beautiful New Home.

Tip 56: First-Time Homebuyer’s Market

Posted on May 25, 2023 by Laura Sinclair

The first-time homebuyer’s market is booming. There are a lot of first-time homebuyers entering the market. Interest rates are changing and we’re fully aware of that. But there are a decent amount of homes out there that will be able to fit within your budget.

To see Laura from Laura Sinclair Homes deliver this message in a video, click here.

What are my suggestions?

I suggest that you look at homes priced at an amount that you’re comfortable with on a monthly basis. Contact a lender about getting you preapproved for an amount that you’re comfortable with. If you don’t have a lender, then reach out to me and I will connect you with lenders that I have experience working with who will get you into a house that you can afford.

Then within the next one to two years, when the interest rates change and they go down, you will refinance, and guess what happens? Your monthly mortgage goes down, so the payment that you were comfortable with, is now that much lower. That means you’re not wasting your money on rent, and giving your hard-earned cash to someone else who keeps raising the rent on you every single year. Yay!

So, go find something that’s affordable for you…and within your budget and your preference.

Reach out to me. I can help make your new home purchase happen.

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← Tip #55: Is It Worth It to Invest in Outdoor Furniture When Trying to Sell Your Home?
Tip #57: Five facts and good practices to consider when buying a home in these uncertain times →

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