Mortgage News and Notes

In the real estate market, there is a perception that spring is THE time to buy. But consider the facts. In hot markets like the DC metro area, spring and summer can be (and was again this year) a very frenzied time to look for a house. In addition, you may face issues like bidding wars, escalation clauses, and no contingency or minimal contingency contracts.

 

Now consider fall. It can be a great time for prospective buyers. Good deals can often be found for houses that didn’t sell in the spring or summer, as owners may be more willing to negotiate. Or they want to sell before the holidays. In any case, you will almost certainly have fewer buyers competing against you.

 

So, if you were trying to buy this year but have come up short so far, contact Margie to see how much of a mortgage loan you can qualify for and to get a Qualification Letter. Then go looking for your house!

 

Steven H Hofberg, Operations Manager

Posted by Steven Hofberg on October 11th, 2019 12:28 PM

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