Key Takeaways: Pre-approval is one of the most important steps of the home-buying process, especially when determining your budget. In a super competitive sellers’ market where bidding wars are the norm, pre-approval will make you stand out among other buyers. A pre-approval letter is a game-changer when buying a home—contact Linda & Craft Team today […]
Key Takeaways: Closing costs are fees required to obtain a mortgage, so it’s important to account for these in your home-buying budget. Closing costs are typically between 2% and 5% of the total cost of your home, which can amount to thousands of dollars depending on your purchase price. Linda Craft & Team have all […]
Key takeaways: Even if you’re on the fence about buying a home, now is the time to seriously consider making a move. As prices and mortgage rates increase throughout 2021, you could end up paying more for a home if you decide to wait. If you’re ready to buy or sell your home in the […]
Key takeaways: Most buyers—especially first-timers—think they need a 20% down payment to purchase a home. Believe it or not, a majority of today’s buyers put down significantly less than 20%! Want to know if homeownership is within your reach? Contact Linda Craft & Team at 919-235-0007 to start your real estate journey! No, You Don’t […]
Key points: Current market conditions have made this winter an ideal time to make a move—for buyers and sellers. Buyers can take advantage of rock-bottom interest rates, which could mean saving thousands of dollars on a home purchase. Sellers have the advantage of high buyer demand and low inventory, meaning prices are on the rise […]
Key points: Despite a year of uncertainty, experts say that the 2021 real estate forecast is a cause for optimism. Continued economic improvement, low interest rates, and growing home sales will help to keep the housing market strong in 2021. Home buyers and sellers will be active in the coming year. If you’re thinking about […]
Finding a home is one of the biggest struggles for potential buyers in the Raleigh area today. As existing inventory continues to dwindle and construction of new homes keeps ramping up, you may be tempted to build your own place from the ground up. While new construction does come with quite a few benefits, you’ll […]
Reopening businesses and all-time low interest rates have driven many buyers back to the market. In fact, soaring buyer demand is largely driving the US economy—but it’s also driving down the housing stock. Low inventory and high demand is good for the market, but not so great if you want to beat the competition as […]
In early 2020, concerns over the COVID-19 pandemic sent the global economy into turmoil. The Federal Reserve responded by slashing interest rates, which in turn ushered in an era of all-time low mortgage rates. Now, we’re consistently seeing new record lows week after week. Here’s what it means for you. What Do All-Time Low Mortgage […]
Spring and summer are traditionally hot seasons for real estate. However, the ongoing health crisis and talks of economic slowdown have many buyers and sellers worrying that real estate will suffer. Since supply and demand set home prices, we may be able to get an idea of what’s on the horizon. Supply and Demand Set […]