by Wells Funding Group | Jun 22, 2021 | Buying Myths, First Time Home Buyer, For Buyers, Move-Up Buyers
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to...
by Wells Funding Group | Jun 21, 2021 | Buying Myths, First Time Home Buyer, For Buyers, Move-Up Buyers
When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is...
by Wells Funding Group | Jun 15, 2021 | Buying Myths, First Time Home Buyer, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates...
by Wells Funding Group | Jun 8, 2021 | Buying Myths, For Buyers, Pricing
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing...
by Wells Funding Group | May 27, 2021 | Buying Myths, First Time Home Buyer, For Buyers, Pricing, Rent vs. Buy
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some...
by Wells Funding Group | May 26, 2021 | Buying Myths, First Time Home Buyer, For Buyers, Housing Market Updates, Interest Rates, Pricing, Rent vs. Buy
The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle....
