- Early Spring listings
- Sellers want top dollar
- Low interest rates
- Experienced, reputable RE agent
If you couldn't find a house to buy in 2021, then 2022 could be your year to buy a home. Springtime is primetime to list a home for sale. In 2022, the spring housing market is coming much earlier than we've seen in past years. Homes are going on the market at the end of winter, providing more opportunities to buy a house earlier in the year than usual.
Homesellers will continue to put their homes on the market, giving you more opportunities to find a house to buy in 2022. Why? They're looking to get top dollar. Does this mean you're going to pay more for a house? Not necessarily. Homebuyers are tired of searching for homes to buy, so many have decided to wait. Fewer home buyers can mean less competition and fewer bidding wars.
Interest rates are still low. Despite some growth in mortgage rates, they are still low. Take advantage of an amortization calculator to see how much interest you'll pay at today's mortgage rates. Plug in a higher rate to see the difference you'll pay in monthly mortgage payments. The amount of interest you'll pay on a mortgage at 3.90% is drastically different from 4.25% over the life of your home loan. Give it a try.
TIP: When interest rates drop in the years ahead, you can refinance your mortgage to save on interest and monthly payments.
An essential tool to have in your homebuyer toolbox is an experienced, reputable real estate agent. Having worked in real estate and having loads of friends who have purchased homes, I can tell you that having a real estate agent in your corner is essential. An experienced agent can share details about down payment assistance, how to make your monthly mortgage payment lower, how to find a home to buy before anyone else sees it, upcoming housing developments, and so much more.
Want to buy a newly constructed house? Learn about upcoming housing developments from an experienced real estate agent who works with a home builder.
Persevere in 2022's housing market and find a home to buy. Talk to your real estate agent today and learn all you can about the housing market in your area. When a house hits the market, you'll be prepared to make an offer and secure the home you've been looking for. Remember, by the time you see a new house for sale on a national website (ex. Zillow), it may already be under contract. Your real estate agent will be one of the first to see the listing on the MLS (Multiple Listing Service) and can contact you before it posts on a national housing website. Thanks to your real estate agent, you have an advantage over other potential home buyers seeking to buy a home without an agent.
If you don't have a real estate agent, please don't hesitate to contact us at info@reazo.com .
For more tips, check out Reazo's essential guide for homebuyers:
