Is Fall the Season Good for Home Buyers? Yes, It Is!

House AutumnSome buyers may be a bit frustrated they didn’t find the perfect home this summer thanks to the intense competition for homes, but they shouldn’t be discouraged. As some shoppers leave the real estate market, the odds that those who remain will find a home increases. Working with a real estate professional will help you find the home of your dreams with greater ease.

More Time
The fall season has an additional benefit since usually real estate agents will have less on their plates and have more time to work with their buyers. Home shoppers can ask more questions, get more insight and generally get a better feel for the real estate sales process from their agents. Keeping open lines with these industry pros can give hesitant buyers the peace of mind and encouragement they need to pursue  that home sale.

How To Get That Home?
Just like the summer market, it’s vital buyers make sure they’re ready to make an offer as soon as they find a home they like. While the market is generally less busy during the fall season, today’s conditions mean shoppers can still expect busy open houses and multiple bids. Having the ability to spring into action as soon as possible remains vital to finding a home before winter arrives.

Looks for homes for sale here.

Brought to you by HMS Home Warranty. HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click www.hmsnational.com

Sibcy Cline Open House Weekend – November 2 and 3, 2019

Sibcy Cline Open HouseSibcy Cline agents are hosting a Sibcy Cline Open House Weekend on November 2 and 3, 2019. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs. Talk to your Sibcy Cline agent!

What Home Buyers Should Keep in Mind about the Fall Real Estate Market

 

Fall PorchWhile some home buyers were unable to purchase a property this summer due to fierce competition and a short supply, many experts say autumn is actually the best time to shop. With fewer people in the market to buy a home – and those who listed properties before still anxious to sell – this season creates a greater probability for a deal to happen.

The biggest thing that can help facilitate real estate sales at this time of year is that sellers are usually very serious about selling and want to close on the sale before the start of the holiday season or end of the year.

Other Benefits of Buying in the Fall Season
In addition to the fact that actually buying a home often becomes easier – even now when the market is still busy in comparison with historical norms – there are other serious benefits that might be available. For instance, mortgage companies are more likely to turn around the approval process quickly because they aren’t as inundated with applications at this time of year. The same may also be true of working with moving companies and other businesses that deal with real estate sales and related issues.

What to Look Out For
It’s important for home buyers to work with their agents and determine what course of action makes sense when it comes to buying homes that have been on the market for a while. Homes are being listed on the market for the first time all year long, so there may be some intriguing newer listings.

Motivated sellers and motivated buyers often make a great team when it comes to getting a home sale completed as quickly and easily as possible. However, it’s important – especially for those who have never made a purchase before – to work closely with their agents to determine how much house they can afford and what’s a good price for the properties they may be considering.

Your real estate agent will bring knowledge and experience in dealing with the local real estate market and let you know exactly what does or does not constitute a good deal, and how to more quickly get through a sale so you can begin putting down roots.

Find your Sibcy Cline agent here.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click www.hmsnational.com

Sibcy Cline Open House Weekend – September 28 and 29, 2019

Sibcy Cline Open House weekendSibcy Cline agents are hosting a Sibcy Cline Open House Weekend on September 28 and 29, 2019. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs. Talk to your Sibcy Cline agent!

Why It’s a Great Time To Buy a Home This Summer

welcome mat in front of new homeMulling options to buy a new home this summer? Don’t hesitate – this might be one of the best times to buy a home for a number of reasons.

With the second half of 2019 nearly here, it’s important to understand how other potential homeowners felt heading into the spring shopping season. According to a recent survey from the National Association of Realtors®, 65% of respondents thought the market was a favorable time to buy a home.

Why Conditions Could Shift
Usually, when a majority of Americans believe it’s a good time to buy, similarly large numbers also think it’s a good time to sell. It’s classic supply-and-demand, and when buyers feel good, there’s more incentive for sellers to put their homes on the market, especially after years of home price increases and more recent mortgage rate drops. Indeed, 69% of those polled said they felt now was a good time to sell.

Benefits of Buying in Summer
While some people might think shying away from the market in summer months is advisable because that’s when competition is hottest, there are plenty of benefits to buying at this time of year. One of the biggest is that it’s also the time when the supply of homes for sale is greatest. Moreover, moving in summer is often easier from a logistical standpoint – especially if you have kids. Not only is the weather more likely to cooperate with your plans to move out of your old place and into the new one, but giving kids some extra time to adjust to their new homes before the start of school is often a priority for parents.

In addition, because of the supply issues that usually come later in the year, if you decide to wait to begin your search until summer is winding down, you might see your actual home search take longer, potentially pushing your actual purchase back to November or December.

As with any other decisions related to buying a home, it’s wise to work closely with a real estate professional to ensure you’re getting into the market at the right time and ensure you can get the best possible deal on your purchase.

Start looking for homes for sale here.

Brought to you by HMS Home Warranty. HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click www.hmsnational.com

 

How to Know if You’re Ready to Buy a House

Home SignBuying a house should never be entered into lightly – and often many potential buyers may not realize the process involved. Doing as much research as possible can help determine exactly what is needed and required to make a home purchase happen.

Here are 10 great ways to help you identify the point at which making a home purchase becomes feasible for you:

1) Reduce Card Debt
When you’re trying to obtain a mortgage, perhaps the most important aspect of doing so is getting your credit card debt reduced as close to zero as possible, according to Money Under 30. That’s true for two reasons. First, the size of your credit card balances relative to your limits makes up a significant portion of your credit score. Second, lenders look at debt-to-income ratio. As long as you’re carrying relatively small balances from one month to the next (or ideally, not carrying a balance at all), you’ll be in good shape.

2) Pay Off Loans
One of the biggest hurdles (for the Millennial generation) when it comes to being financially capable of buying a home is student loans. It doesn’t mean loans have to be paid off in full, but they certainly need to be somewhat small relative to your income.

3) Having Savings
If you’re trying to buy a home in today’s market, you’ll almost certainly need to make a down payment. While it’s possible to get mortgages with down-payment requirements as low as three percent, the added long-term expense could end up costing you significantly over the life of the loan. Making as large a down payment as possible is going to keep your borrowing costs down. (Don’t forget to look into sponsored programs that help with a down payment!)

4) Rainy-Day Fund
In addition to the money that will go toward your down payment, it’s vital to have some additional money saved just in case something goes wrong with the home. As a general rule, having about $1 per square foot – or one percent of the purchase price – in the bank will help cover some basic expenses you’re likely to encounter after your home purchase.

5) A Long-Term Plan
Whether you’re buying a home as a single person or for a whole family, you need to consider what your situation is going to look like two, five, 10 or even 20 years down the road. If your housing needs are going to expand or shrink in the near future, this will affect to size and kind of home you’re looking to purchase now. (For example, it is best not to buy a small home now if you know you’ll need a larger one in a few years when you have kids.)

6) Reliable Income
Lenders also want to make sure you’re going to be able to keep up with your mortgage payments in the long term, so a steady job is a must. While no one can predict their employers’ future with 100 percent accuracy, it might not be a good idea to go house hunting at a time of turmoil. As long as you’re fairly confident in your position, home shopping should be no problem.

7) A  Comfortable Cushion
One issue some homeowners encounter after buying a home is they’ve pushed themselves so far financially trying to get ready for the real estate sales process that they come out the other side in rough financial shape. Being “house poor” means people own a house but otherwise struggle financially because of the cost of that property. You’ll need to make sure you’re not buying too much house or else risk running into other financial problems even if you can technically afford the mortgage and other costs.

8) An Understanding of What Constitutes Affordability
Along similar lines, it’s vital to not only factor in the cost of the mortgage and taxes for your home budget, but also other expenses. This may include higher electric and heating bills that come with living in a bigger space or more costly insurance coverage.

9) A List of Must-Haves and Nice-To-Haves
When people actually start shopping for homes, it can be easy to fall in love with certain properties, according to Forbes. However, while it would be nice to have a state-of-the-art kitchen with stainless-steel appliances, it’s probably going to be expensive and not necessary for your happiness in the home. Having a list of things that you will absolutely need out of your new property – big backyard, finished lower level or a home office – will help you get a better idea of what you can actually afford.

10) Your Real Estate Agent
The key role of real estate professionals in every portion of the process cannot be overstated. They will be able to help first-time buyers as well as those who have previously been through the process get as prepared as possible so they can maximize their understanding and the value they get out of buying a home.

Need help qualifying for a mortgage? Contact Sibcy Cline Mortgage Services. They have professionals who will guide you through the entire lending process.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more: www.hmsnational.com

 

Sibcy Cline Super Open House Weekend: May 18 and 19, 2019

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Sibcy Cline agents are holding a Sibcy Cline Super Open House Weekend on May 18 and 19, 2019. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

It’s spring and a great time to sell and buy a home. Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs. Talk to your Sibcy Cline agent!