Getting Pre-Approved

Pre-approval is getting approved for a mortgage before you start house hunting. It gives you a clear idea of how much you can spend on a home. This helps you narrow your search and save time looking at homes outside your budget. Getting pre-approved for a mortgage can be a powerful tool. It shows sellers that you’re serious and financially able to purchase a property. To get pre-approved, you’ll need to provide documentation of your income, assets, and debts.

Ask Your Agent

Real estate agents have extensive knowledge of the local housing market. They can provide valuable insights into the current market conditions in a given area. An excellent real estate agent, such as Viktor Taushanov can help you find the right home and guide you through the buying process. Look for an agent with experience in your desired location who understands your needs and budget.

Start House Hunting

You will want to find the right home that meets your needs and budget. With your budget and pre-approval, it’s time to look for your dream home. Consider factors such as location, size, and style. Be bold, and don’t be afraid to ask questions. Request multiple viewings if you feel the need to. With all these in mind, you can make your house-hunting journey successful.

Are you looking for tips before getting your own house? A renowned realtor like Mister Frisco has your back. Give us a call now, and Mister Frisco can make sure that you find your dream home.

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Existing Home Sales

Economists love making charts. Their favorite right now is all about interest rates that keep rising. Real estate companies also like making charts, and right now, they’re heavily tracking home sales year over year. Although it can seem like the chart lines between interest rates and home sales seem to be moving in opposite directions, Frisco paints a different picture.

Home Prices

If you’re selling an existing home in Frisco, you can agree that halcyon days of asking any price and getting it has cooled. But existing home prices are nowhere near where they were, even less than two years ago. Although sales prices of existing homes have climbed down from their peak, they remain hundreds of thousands of dollars above their early 2021 prices.

Buyers or Sellers Market?

Ironically, the answer to both questions is yes. Rising interest rates have cooled competition between homesteaders and investment companies, so people wanting a place to live have a better chance of getting a home. Falling prices have also created another incentive for first-time home buyers. As they say, you buy the house, not the rate, so a refinance could be a strong move when rates decline. 

For sellers in Frisco, demand remains strong. Sure with money and friends, the more, the merrier, but small price decreases have kept demand strong. So if you want to sell your home in Frisco, you can find a serious buyer invested in your neighborhood.

So what’s the best strategy for navigating a changing market? Finding the help you need with Globus Realty and Viktor Taushanov puts you on the path to homeownership no matter what the markets are doing. 

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Expert Guidance

According to the article, “Buying a home typically requires a variety of forms, reports, disclosures, and other legal and financial documents. A knowledgeable real estate agent will know what’s required in your market, helping you avoid delays and costly mistakes. Also, there’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.”

Objectivity

How about when you need an unbiased opinion? The article continues, “A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget. Agents are also a great source when you have questions about local amenities, utilities, zoning rules, contractors, and more.”

Advocacy

When dealing with complex topics, having an advocate is worth its weight in gold. The article concludes, “There are many factors up for discussion in any real estate transaction—from price to repairs to possession date. A real estate professional who’s representing you will look at the transaction from your perspective, helping you negotiate a purchase agreement that meets your needs and allows you to do due diligence before you’re bound to the purchase.”

You don’t have to go it alone. Trust Viktor Taushanov to help you find the home of your dreams. He’s Mister Frisco, and with his help and the resources of Globus Realty, you will be in your new home in no time. So save DIY-ing for hanging your family portraits, and leave helping you find a new home to the experts.

When you are ready for your forever home, contact Viktor Taushanov and Globus Realty. He’s on your side and won’t rest until you are happy.

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Where are Home Prices Going?

Are prices going to rise or fall? The article states, “There are two places to turn to answer this question. First is the consensus of what experts are saying. If you look at what experts are projecting for home prices in 2023, they forecast home price appreciation of around 2%. So while it’s true some are calling for depreciation, most are calling for appreciation in home values over the next year…The second spot to turn to for information is the Home Price Expectation Survey from Pulsenomics – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists. According to the latest release, the experts surveyed are also calling for home price appreciation for the next several years.”

What About Rates?

There is even more interest surrounding rates. The KCM article offers, “Like mentioned above, Ratiu sees mortgage rates rising over the next several months. Another expert agrees. Mark Fleming, Chief Economist at First American, says: “While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.” The instability in the world and higher inflation are driving this volatile market, resulting in higher borrowing rates for those looking to buy homes.”

To Be or Not To Be

Regardless of prices and rates, many homeowners still feel the carpe diem passion raised during the COVID pandemic. As a result, many are taking the plunge on a new home, knowing that rates change, but opportunities to own the home of their dreams can pass forever. The key is finding the right realtor and knowing your valuation of cost versus the happiness the perfect home would bring you and your family.

When it’s time to consider the important questions house hunters should ask now, remember to have the right expert on your side. Viktor Taushanov with Globus Realty is your guide to finding the home you want in any market.

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Low Inventory

Unsurprisingly, low inventory is a likely side-effect of wanting to live in a hot area. However, structurally, building homes takes time, and those who may consider selling are also stuck with having to buy a replacement. But just like a packed restaurant parking lot tells you something about the food, low inventory in a specific city suggests you may want to live there too. Here, a quality realtor can present properties you will love as soon as they become available.

Too Many Buyers

You may not be the only person to think the latest listing is the perfect home. Bidding wars on a property can be a nightmare and endlessly frustrating. Realtors know how to market homes to benefit their sellers, and attracting multiple offers means they’re doing their job. But with the right realtor on your side, you can find those diamonds in the rough and avoid a bidding war on your potential forever home.

Risk of Overpaying

Nobody likes overpaying, especially in real estate. But, with lending rates climbing, today’s borrowers can expect to pay a premium on their dream homes. That’s why it’s important to find a realtor who will get you the most bang for your buck. A little flexibility in your requirements for your dream home can get you into a home you love hassle-free. The right realtor, like Mister Frisco, makes all the difference.

Manage the top 3 challenges in a seller’s market like a professional with help from Globus Realty and Mister Frisco. You can buy hassle-free in a seller’s market with Viktor Taushanov. See how today!

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More Than Prices

What makes the difference in the study? According to the WalletHub website, “Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. This year, the housing market is skewed much more toward sellers, with mortgage rates having nearly doubled in the past year and home values having risen nearly 21% on average…If you aim for long-term growth, equity and profit with your housing purchase, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.”

Mister Frisco

Globus Realty and Viktor Taushanov, aka Mister Frisco, is your best source for finding the home you want in Frisco, Texas. So whether you need to relocate with your company or need breathing room for your family, you can find it here. With plenty of new listings, Viktor has something for everyone. So discover the difference Mister Frisco can make in your search for your dream home.

It’s no surprise that Frisco has been named the best place to buy a home. Your best life ever is waiting in Frisco, so contact Viktor today!

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