If you haven’t noticed, there’s a throng of cranes around town building the most stunning towers of South Florida. While towers Missoni Baia and Aston Martin Residences are
Do this if you want to buy a home in 2022!
Dated: January 5 2022
According to a survey of first-time homebuyers conducted by Chase in 2021, 60% of Americans are likely to buy a home this year, and 70% of those questioned, admitted to making lifestyle changes in order to work towards that goal.
Let’s review which resolutions you should be putting on your list, if you’re hoping to make 2022 the year you buy a place of your own.
Find your homeownership dream team.
Not all real estate professionals will be a good fit for what you’re looking for, which is important to find the right team for your situation.
As your real estate team we will help you with your home search and ensure you’re getting the best deal possible on your home.
Sort out your down payment and closing costs.
Since one of the main challenges for first-time homebuyers is the upfront cash (like the down payment and closing costs), these things needs to be a priority. According to the National Association of Realtors, in 2020, the median down payment overall was 12 percent, and for first-time buyers, the median was lower at 7%.
Do your homework.
After you’ve hooked up with the right lender who can tell you what kind of buying power you’re and working with our team, it’s time to enter research mode. Ask your real estate agent to send over a few listings within your budget to see if you’ll be happy working within your existing parameters.
Check rent prices.
You might’ve already decided that 2022 is the time to buy, but if you’re still on the fence, you should see what people are paying for rentals in the area. Prospective homeowners are often surprised to learn that their mortgage payment may be the same or sometimes even less than their rental expenses.
We’re here when you’re ready to house hunt!
Home Miami, Realtors is a Florida-based brokerage team dedicated to helping our clients make their homeownership goals realities. We believe in providing honest advice and personal service for success....
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