Marc LeBlanc's Blog
32 Walden Dr, Natick, MA 01760
Looking to buy a house in the near future? If your answer is "Yes," you may want to start reviewing housing market data. That way, you can gain the insights that you need to make data-driven decisions throughout the homebuying journey.
Ultimately, there are many housing market data that you'll want to assess as you prepare to buy a house, such as:
1. Mortgage Interest Rates
Mortgage interest rates fluctuate constantly. As such, if mortgage interest rates are low, you may want to move quickly to capitalize on them.
Meeting with banks and credit unions generally is a great idea if you plan to buy a house. These financial institutions can keep you up to date about mortgage interest rates and help you get pre-approved for a mortgage. Then, once you have a mortgage in hand, you'll be ready to pursue your dream house.
2. Average Amount of Time That a House Stays on the Real Estate Market
Differentiating between a buyer's market and a seller's market often can be difficult. Fortunately, if you examine the average amount of time that houses are listed in your city or town, you may be able to determine whether you're preparing to enter a buyer's or seller's market.
In a buyer's market, houses may be listed for many weeks or months before they sell. Also, these houses may be sold below their initial asking prices.
Comparatively, in a seller's market, homes may be available for only days before they sell. Homes that are available in a seller's market may be sold at or above their initial asking prices as well.
3. Prices of Houses in Various Cities and Towns
If you're open to living in a variety of cities or towns, you'll want to evaluate the prices of houses in many areas. That way, you can narrow your house search accordingly.
Oftentimes, homes in big cities are more expensive than those in small towns. On the other hand, big cities may provide quick, easy access to a broad range of attractions and landmarks that you simply won't find in small towns.
If you are ready to check out housing market data and begin a home search, it pays to hire a real estate agent too. In fact, with a real estate agent at your side, you should have no trouble enjoying a quick, seamless homebuying experience.
A real estate agent is happy to provide you with a wealth of housing market data. Plus, a real estate agent will teach you the ins and outs of buying a house. He or she also will keep you up to date about new houses as they become available and negotiate with a seller's agent on your behalf to ensure you can acquire a terrific house at a fair price.
When it comes to buying a house, it helps to be informed. If you assess the aforementioned data, you can obtain comprehensive real estate market insights to help you throughout the homebuying journey.
3 Village Rock Ln, Natick, MA 01760
If you know you’d like to buy a home in the future, you’ve probably thought about saving money for all of the upfront costs that buying a home can bring. Saving the sizable amount of money that it takes for a down payment can be seemingly impossible to do. It’s impossible without making yourself seem miserable for a time, at least. You can save money creatively without sacrificing everything. Below, you’ll find some tips for saving money that work for your life.
Put Your Money Somewhere Safe
While investing in the stock market may seem like a good idea to put your savings on hyperdrive, it’s risky. When it comes to your savings, try high interest savings accounts and CDs. The latter is a particularly good option because you won’t be able to touch the money for the time period that the CD will mature. You’ll also earn a bit of interest on the funds that are in there.
If you plan to keep adding to your savings (which you should) a traditional savings account is best. You should have a dedicated account that’s solely for the house fund. Do some shopping around for the savings account that will have the best interest rate and be the easiest option for you. Remember that as boring as a savings account seems, it’s a safe bet for your money.
Apps Can Assist You
There are plenty of budgeting apps and apps that help you to set aside spare change. You should make use of these tools to help you reach your savings goals. Whether you need some help with budgeting or need to find ways to put your spare change to good use, there’s an app for that. You can even find apps that will reward you for good behavior. These apps may “tip” you a few bucks for going to the gym or completing a project on time. You’re saving money and doing good for yourself at the same time! Saving money for your future home can be fun if you find the right tools to help you.
One reason that many people don’t save a lot of money is that they lack specific goals. If you sit down and look at your budget, you’ll see where you can cut expenses. Then, you’ll be able to have clear cut goals of how much you can save on a weekly or monthly basis. With your eyes on the prize of homeownership, you should be motivated to save where you can. Having specific numbers in mind can be a big help in reaching your long-term goals.