When interest rates climbed up and up in 2023, many buyers decided to wait for rates to come back down again. When they kissed the 8% mark, buyers really tightened their reins. However, was that really the best idea? Not necessarily. With the new year (and a recent announcement by the Fed of as many […]
Which Down Payment Strategy is Right for You?
You’ve most likely heard financial experts suggest that you save for a 20% down payment before you buy a Jersey Shore home. The logic behind saving 20% is solid. It shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. (As […]
How to Handle a Low Appraisal When Buying a Home
You decided to buy a Jersey Shore home. Congratulations! If you need to get funding for your purchase, your lender requires that an appraisal be performed. They need to know that the property is at least worth the amount you borrow for it. Otherwise, they could deny you your loan. But what happens if they […]
Top Tips for House Hunting Online
Hunting for a new Jersey Shore home online is a great place to start your search, but it should not be your end all be all. Good listing agents in the Downbeach area are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. […]
Concessions Home Buyers Can Still Ask for in Today’s Market
Whether buying a first home, a vacation home, or a forever home, everyone wants a good deal. In a seller’s market, buyers may find themselves in a bidding war for a property. Lowball offers are not going to win a seller’s favor. And asking for too many concessions may place your offer at the bottom […]