If you've thought about buying or selling a house in Jackson, Michigan, you know things are going crazy right now! In Part 1 of this update, Ben focuses on buyers; specifically, the two things you need to do if you're in the market for a new home.
1. Talk With Multiple Lenders Before You Sign
Interest rates rise at different speeds depending on the lender, so shop around. Lenders offer a variety of different products, and it pays to do your homework. Get it? Home-work!
In the video Ben tells the story of some recent clients whose rate increased 3/4 percentage point before they locked in. Spoiler: The story ends happily!
Download our list of quality Jackson, Michigan lenders here.
2. Create a Plan
Do you need to sell before you buy?
Will you write a home sale contingency into your offer?
Do you qualify for a bridge loan? Is one advisable for you?
Do you have friends/relatives who can house you if you need to sell before you buy?
In the current market, careful planning is crucial to save money and minimize frustration. But it doesn't have to be overwhelming. Contact a REALTOR® early in the process. We can help you formulate a plan that works smoothly for you.
Watch for Part 2 - Market Update for Sellers - Coming April 27
My Smart Team Preferred Lenders
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