Are your housing costs too high? This could be the very best time to move!
Realtor.com says homes listed in April sell an average six days faster – for several percentage points higher.
But, you’re not too late! June’s traditionally the peak buying season because buyers and sellers want to get settled before school starts.
Peak season gives buyers more homes to choose from, and sellers a shorter marketing time.
If you’re interested in buying here are a few tips:
Unless you’re paying cash, get pre-approved for a mortgage to avoid missing a purchase in highly competitive markets. This reduces stress, grants higher acceptance of offers, and provides credibility. It speeds the entire purchase process.
Second, compare mortgages at several lenders before applying for a loan. The time you invest in this one exercise can save you hundreds of dollars in interest the first year alone.
Moving can be expensive, so budget for that.
Should interest rates continue to drop (as they are at the time), refinancing may be an option for you. We have a mortgage refinancing calculator and a rent vs. buy calculator at our website – Crown.org – under resources. They are worthy of your time.
Don’t try to keep up with the Joneses. The Joneses are not paying attention to where you live! God does care that you have financial freedom! His word tells us, Set your mind on the things above not on the things that are on earth. (Colossians 3:2)
If debt’s an issue in your life, try using a debt management plan today. We highly recommend Christian Credit Counselors. For more information call the Crown Helpline at 800-722-1976 or online at crown.org/ccc