March 26 Let's Talk Tues In this week's edition of Let's Talk Tuesday, we discuss the importance of a buyer's agency agreement. A buyer's journey is complex, exciting, and scary at multiple points of the transaction. An agent can make that process easy and seamless. April Creech 573-200-8337 Ritter Real Estate 573-803-3880
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3 bed, 2 bath
Designed over a single sweeping level, this open-concept floor plan offers warm and welcoming spaces while providing traditional living areas.
Wood Look Tile Flooring
Granite Countertops
Stainless Steel Appliances
Vaulted Ceilings
Large Walk in Closets!
To get more details (current pricing and photos) about this property and to search all properties in the area for free, go to my website: https://fortworthhomes.onehomesearch.site/RyegrassTerrace/0
OR call our 24/7 information hotline at (833) 708-1234 and enter 37470.
OR for up-to-date pricing and photos text the code "47870" to (475) 405-1234.
Texas Licensed Real Estate Agent with HomeSmart
TREC: #0745691
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🤷♀️ What is a co-op? The key difference between a condo and a co-op is the ownership structure. When you buy a condo, you own the unit and a percentage of the common areas. When you buy a co-op, you actually purchase a share of the property, and your lease enables you to live in a unit. 🧐Interesting fact: a co-op building only gets one tax bill and shareholders pay a proportional share of the total bill based on number of shares they own and it is included in their monthly assessment, which explains why co-op assessments appear higher than condos. #chicagocoops #coopliving #chicago #realestate #realtor #broker #atproperties #atpropertieschristies #buyersagent #listingagent #uptownchicago #rogersparkchicago #andersonvillechicago #lakeview #lincolnparkchicago #goldcoastchicago #lovewhereyoulive (at Andersonville, Chicago, Il) https://www.instagram.com/p/CkOrUKGPmvS/?igshid=NGJjMDIxMWI=
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Propertybuyer is a leading Sydney buyer's agency with a proven track record of success. Our team of award-winning buyers agent Sydney is dedicated to helping you find your dream property in Sydney, regardless of whether you're a first-time buyer, seasoned investor, or upsizing/downsizing
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🏡 Curious about how the NAR Settlement could impact buyer’s agent compensation? Our latest blog breaks down everything you need to know! Don’t miss out on these crucial insights – understanding this could make all the difference in your next real estate transaction. 📈 Check out our website sagestreetrealty.com to read the blog! Read here: https://www.sagestreetrealty.com/understanding-the-nar-settlement-and-its-impact-on-buyers-agent-compensation/?source=2550 #RealEstate #NARSettlement #BuyersAgent #SageStreetRealty
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Find International buyers for handicraft Products
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Multi-Generational Living: Unlocking the Potential of Extended Family Homes in Australia
Hello everyone,
Nicholas Parpis here, the founder of Truth Group, your trusted partner in the realm of real estate. Today, I’m thrilled to delve into a topic that’s close to my heart: Multi-Generational Living and the quest for properties perfectly suited for extended families in Australia. In our ever-evolving society, the concept of family is taking on new dimensions. Gone are the days of…
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Tips for Younger Homebuyers: How To Make Your Dream a Reality
If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that’s not going to be in the cards with inflation, rising home prices, mortgage rates, and more seemingly stacked against you.
While there’s no arguing this housing market is challenging for first-time homebuyers, it is still achievable, especially if you have professionals on your side.
Here are some helpful tips you may get from a pro.
1. Explore Your Options for a Down Payment
If a down payment is your #1 hurdle, you may have options to give your savings a boost. There are over 2,000 down payment assistance programs designed to make homeownership more achievable. And, that’s not the only place you may be able to get a helping hand. While it may not be an option for everyone, 49% of Gen Z homebuyers got money from loved ones that they used toward a down payment, according to LendingTree.
And chances are you won’t need to put 20% down (unless specified by your loan type or lender). So be sure to work with a trusted mortgage professional to explore your options, find out how much you’ll really need, and learn about any guidelines on getting a gift from loved ones.
2. Live with Loved Ones To Boost Your Savings
Another thing a number of Gen Z buyers are doing is ditching their rental and moving back in with friends or family. This can help cut down your housing costs so you can build your savings a whole lot faster. As Bankrate explains:
“. . . many have opted to stop renting and live with family in order to boost their savings. Thirty percent of Gen Z homebuyers move directly from their family member’s home to a home of their own, according to NAR.”
3. Cast a Broad Net for Your Search
When you’ve saved up enough, here’s how a pro will help you approach your search. Since the supply of homes for sale is still low and affordability is tight, they’ll give you strategies and avenues you may not have considered to open up your pool of options.
For example, it’s usually more affordable if you consider a rural or suburban area versus an urban one. So, while the city may be livelier and more energetic, the cost of living may be reason enough to look at something further out. And if you consider smaller homes and condos or townhouses, you’ll give yourself even more ways to break into the market. As Colby Stout, Research Analyst at Bright MLS, explains:
“Being flexible on the types of home (e.g., a condo or townhome versus a single-family home) and exploring more affordable neighborhoods is important for first-time buyers.”
4. Take a Close Look at Your Wants and Needs
And lastly, an agent can help you really think about your must-have’s and nice-to-have’s. Remember, your first home doesn’t have to be your forever home. You just need to get your foot in the door to start building equity. If you want to buy, you may find making some compromises is worth it. As Chase says:
“An open-minded approach to house-hunting may be one way for Gen Z homebuyers to maintain some edge. This could mean buying in areas that are less expensive. Differentiating needs vs. wants may help in this area as well.”
An agent will help you prioritize your list of home features and find houses that can deliver on the top ones. And they’ll be able to explain how equity can benefit you in the long run and make it possible to move into that dream home down the line.
Bottom Line
Real estate professionals have expertise on what’s working for other buyers like you. Lean on them for tips and advice along the way. As Directors Mortgage says, with that support you can make it happen:
“The path to homeownership may not be a straightforward one for Gen Z, but it’s undoubtedly within reach. By adopting the right strategies, like exploring down payment assistance programs and sharing living costs with relatives, you can bring your dream of owning a home closer to reality.”
Let’s connect to get you set up for long-term success.
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