Don’t wait, buy now! This is the perfect first time homebuyer’s market!

Hello!
Are you a buyer who has gone to the sideline to wait to purchase a new home or has been delayed from entering the real estate market? If so, I'm sure your reasons could be valid, but I wanted to ensure you have all the information on whether or not this is a wise choice.
The main issue, I assume, would be "affordability" due to the significant rise in rates that has lowered your buying power or knocked you out of qualification. You might think this is a negative, but I wanted to highlight this exact issue and show you that it is an excellent thing for you as a potential home buyer. In my opinion, this is the perfect FTHB's market for the reasons I will present in the video!
In the video above, I've laid out the domino effect of the increase in the rates market, which allows you opportunities that have not been present in the last few years for home buyers. The lack of affordability and inventory is an exciting and challenging dynamic in this market, making it completely different. What I mean by that is that usually, these two forces don't line up together in this magnitude.
For example, when affordability issues last crept into the market, the housing supply spikes with the pullback of buyers, which we experienced recently in 2018/19.
The main issue that has caused a much-needed pause in our housing market has been the spike in rates, which caused affordability issues. So we should focus on the opportunities that are no present to you now vs. just six months ago.
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2020- June 2023 vs. Today
2020- June 2023:
Buyers competed against 10+ offers per property.
Buyers had to release all loan, inspection, and appraisal contingencies.
Buyers had to convert their loans into " cash offers " to compete.
Buyers had to overbid on their offers to compete which means higher out of pocket for you if it doesn't appraise
Buyers had to settle on whatever home came on the market.
Buyers are being delayed in converting their " cash overs " into loans in this high-rate environment.
Today:
Fewer Buyers, which means less competition.
Buyers can write offers with and maintain their contingencies.
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, getting seller concessions for rate buydowns and/or to cover closing costs.

Reviews

"Everyone we worked with just seemed very genuine,sweet, and nice to talk to. Everyone did a good job making things as simple and straight forward as possible. Buying your first house is always going to be extremely stressful but I appreciate all the help we got along the way."

rikkie jean h

"Shereen was very informative and helped us throughout our entire home buying process!"

christopher tanner c

"Everything"

alijandro b

"We really appreciated the friendliness and responsiveness. Ultimately, we were able to get to closing without a problem. However, there were times when we felt that the process was not entirely transparent and that communication wasn't always clear. For example, we received an initial loan estimate that did not lock our rate. I wish there had been better communication about when that rate would be locked, what would be the pros and cons of locking it at that time, etc. I felt in the dark about the process for a long time and had to seek answers myself. Even then, I was left feeling like I didn't understand why things had happened the way they did. Our final interest rate was higher than the original estimate and it felt like that was unnecessary."

heidi anahi v

"This was the easiest financing I have encountered. A lot of it had to do with Shereen's involvement through the entire process. In addition, I don't think there was phone call I placed to Shereen that she didn't return the call the same day. A real professional!!"

timothy ray a

"There were no issues at all with getting to the table."

barb p

"Great communication and fast turn around"

olivia s

"Wonderful communication, super professional and fun to work with. Shereen has the gift of listening, formulating a plan and executing through to closing. It’s a pleasure working together."

bill m

"Very responsive to our needs and great to work with."

graham peter b