Danielle Sette Offers Market Insights:
Rather Than Sitting on the Fence …Why Not Own It?
ERA Justin Realty, a leading real estate brokerage since 1950, serving Bergen, Passaic, Essex and Hudson counties, is experiencing extremely strong real estate market conditions. In fact, the firm is #1 in closed Rutherford transactions for the past 16 years. Danielle Sette, a Realtor agent with the firm offers the following insights for consumers who are considering buying a home.
Homes are More Affordable – Housing prices are currently affordable for qualified buyers because many banks, mortgage lenders and credit unions offer expanded and varied mortgage programs. Our firm works with many varied lenders with the anticipation that a mortgage program is available for your purchase.
Rates are Low – 30-year fixed mortgage interest rates remain near historical lows, but do fluctuate. Our ERA Justin agents will gladly refer you to several lenders so you can verify a current rate based on your qualifications.
Timing is Everything – For qualified buyers, this is the time to buy. According to historical trends, when mortgage loan limits increase it decreases the availability and affordability of mortgage credit for many home buyers.
Homeownership is the American Dream – Nearly nine in ten Americans historically have felt that homeownership is an important part of the American Dream, according to a past New York Times/CBS News poll,
Financing is Available – Today’s borrower needs to have stable employment and sufficient income to cover the monthly mortgage payment and living expenses; adequate savings with a down payment; and, in general, and good credit. If you meet these basic requirements and plan to live in the home, you may be well on your way. Credit score requirements may be higher or lower depending on loan type, income history, property type and other factors.
“For qualified buyers, now may well be the time to make your move,” said Danielle. “If a home purchase is in your future plans, I would encourage you to talk to one of our Realtor agents because now may be the time for you to act. There is continuing house inventory on the market for you to capture that dream home you have always wanted at a price and terms you can handle based on a lender’s mortgage pre-approval. But don’t wait too long, because mortgage rates and home prices won’t stay at this level forever. Find your perfect home along with a mortgage that meets your needs with the help of our outstanding Realtor agents.”