Over the past year, homeowners have gained an extraordinary opportunity to win big by selling in today’s housing market. Homes are selling twice as fast now than they did last year with multiple offers, rising prices, and homeowners with the negotiation powers. If you are ready to sell, please reach out to a Martino Realty…
Although mortgage rates are still low, we are starting to see those who wish to enter the housing market retract. According to Freddie Mac, homebuyer demand has gone from 25% above pre-COVID levels at the start of the year, when mortgage rates hit record lows, to 8% above pre-COVID levels today. We even see that…
When purchasing a home, it is important to determine a monthly budget to understand what you can afford. On the other hand, when you need to stick to a budget, a slight increase in the interest rate can significantly impact. Monthly payments are remaining manageable despite increasing home prices because of low mortgage rates. Experts…
After completing all the crucial steps of purchasing a home, we are finally ready to close. Closing is referred to as signing the mortgage and deed documents. This is also when you get the property deed and the keys to the house and officially become a homeowner. The closing process, however, can be challenging and…
Today, we are talking about title insurance. At this point, you have already signed a contract and a mortgage application. Now, it is time for the title search. Your attorney will reach out to a title insurance company to run a title search on the property. A title search checks all the public records for…
Applying for a mortgage application is the next step in purchasing your home. At this point, you already have a pre-qualification. If you feel comfortable with the bank or broker you pre-qualified from, I recommend returning to them. You probably feel comfortable with them and, at this point, have a little bit of history established.…
Hiring an attorney is the next crucial step in purchasing your first home. Like your real estate agent, bank, and home inspector, you want to ensure that your attorney is local, knowledgeable, and available. First, we recommend getting a local attorney. Usually, every area and town has local rules and laws that you may not…
So, at this point, we have talked about pre-qualifications, viewing homes, and making an offer. Once your offer is accepted, it is now time to hire a home inspector for a home inspection. Here are a few things to remember when choosing a home inspector. First, choose someone who is professional, available, and knowledgeable. Also,…
Making an offer can be challenging, therefore, here are some important things to consider. First, we recommend you start with your experienced real estate agent. Your real estate agent should answer questions like if the house was for sale for a long time? What are the other offers? It is important to discuss your potential…
When it comes to purchasing your first home, viewing homes is not as simple as a walk-through. It is also trying to envision the space as yours and how it would fit your family needs. Here are some things to consider when you start viewing homes. First, it is essential to keep an open mind.…