This podcast episode will help you if you are buying a home in 2023 or if you’re scared to (but you really want to buy your own place).
2020 through Spring of 2022 are gone and it’s time the homebuyer starts getting some wins – big ones!
What This Podcast Info Means To You
Here’s the most important bullet points:
- FHA (low down payment) is BACK!
- Sellers generally will be more flexible
- Listings will sit longer on the market (price adjustments) – I actually didn’t mention this in the podcast but I’m putting it here (bonus material for my buyer clients!)
- Less competition from other buyers
- You – a qualified buyer – are going to be like GOLD in 2023 (not a dime a dozen like in 2020-2021)
This is what I live for in my profession. Giving incredible information and insight to folks. I’m super energized to help anyone out who wants to buy a home in 2023. Text me right now the word Energized to (631)831-9048 and let’s start your home search together!
The link I mentioned for the basic information on mortgage financing is – The Mortgage Center.
The window of the historic sellers market of the last 2 years is gone. That doesn’t mean you’re going to have to give your home away.
However, you will need to shift focus – listen to the last podcast where I talk about selling in this changed market.
You have to roll with the times. FHA buyers will be out and you better do your renovations to code and make sure you have all the certificates of occupancy and everything else – completely squared away.
Do not ask too much for the houses you’re trying to sell.
Lastly, make sure you do not cut corners. Do not listen to the contractor who tells you not to replace the old crappy windows or the burner because “they still work”. If it’s a rehab, it’s a rehab – do not use the motto “if it ain’t broke…”
It’s a rehab. Everything is “broke” – you don’t want to be broke so fix stuff right.
Thanks for listening to this podcast and reading the blog post. Here’s the link to the 1 minute updates on the housing and financing market on Youtube that I mentioned in the podcast.
If you’d like – book an appointment online with me or call/text me at (631)831-9048.
Follow me at Linktr.ee/TomMcGiveron – Thanks.