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Top 5 Reasons Why You Should Purchase Today!

Hello,
Many home buyers have the misconception that it is a bad time to purchase a home because rates are higher than they have been in the past 10 years. However, we want to show you why this may be the best buyer's market we may see for the next 3 to 5 years.
Don't get us wrong. We understand that the rapid rise in rates has impacted affordability and has lowered your buying power or knocked you out of qualification. However, when rates were historically low in 2020, 2021, and the first half of 2022, many buyers had to overcome many different and substantially worse obstacles. However, we have different strategies to help you obtain below-market interest rates to improve the affordability of the home you qualify for or increase your purchasing power.
In this video, I break down what is taking place in our market, show you the top 5 reasons it is a great time to buy in 2023, and help you better understand the domino effect taking place.
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The 2021 & First Half of 2022 Market vs. The 2023 Market
2021& First Half of 2022 Market:
Buyers with a minimum down payment were not considered because the sellers chose other buyers with higher down payments.
Buyers competed against 10+ offers per property.
Buyers had to place an offer before they could even see the home in person.
Buyers had to take a lot of risk by releasing all loan, inspection, and appraisal contingencies.
Buyers had to convert their contracts into "cash offers" to compete with other buyers even if they were not buying with cash.
Buyers had to bid higher than the listing price to have their offer chosen.
Buyers had to settle on whatever home came on the market.
2023 Market:
Fewer Buyers, which means less competition.
Buyers can write offers with and maintain their contingencies, protecting their deposit.
Buyers with minimum down payments can purchase again.
Buyers can get fair value or even undervalued properties with their offers.
Buyers have more choices of homes than buying whatever comes to market.
With help from lenders like myself, we can structure much better terms, like temporary or a permanent rate buydown.

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Reviews

"Michel and his team provided an excellent service by facilitating a secure and efficient home financing process.They were responsive and transparent during the entire process. We found their user-friendly technology and data analytics reporting system very helpful. We highly recommend The Mortgage Hub!"

anabel pollan

"I can't put into words the level of care and attention Michael and his team had in me and my wife. I've been through multiple lenders/brokers already and there was always some unsurpassable issue. However the people at the mortgage hub did not give up on us. Michael, Eneris and Julie went above and beyond to make sure we qualified and were in good standards. They taught me more about buying and owning a property than I ever thought possible. Please excuse my mess of tangle thoughts and praises, but if you take one thing from this review is that this a team that has your best interest in mind. They want you to be happy and will have your back through the whole longgggggggggggg process. If you are in the fence about it, give it a shot and call Michael and his team. I promise you will not regret it."

dariel hernandez