Get Ready For Spring Market

Still, looking for a home? Put yourself in the best position to be a strong contender during spring market. Especially if you aren't in a position to buy now, but hope to in the near future, there are a few things you can do to get yourself ready.

BUYERS

• Improve your credit. If your credit score is holding you back I have a credit repair specialist I can recommend.

• File your taxes. I spoke about this in January's newsletter but filing your taxes can increase your loan amount if you made more money last year than in 2021. If you are self-employed don't forget to run a draft by your loan officer before officially filing.

• Find a co-signer. If you're good for it, but just don't look great on paper, see if you can get a co-signer. Somebody close to you in a financially stable position who can use their income and credit to help you qualify or lower your payment.

• Get a gift. This isn't an option for everybody, but I have clients who received gifts or personal loans from family members which significantly helped them qualify for larger loans.

• Check back in. If you spoke to a loan officer a while back and followed their advice check back in. One of the easiest ways to save money is to switch from an FHA to a conventional loan where you are paying less PMI. Additionally if you've been saving up and now have 20% you have eliminated that PMI for conventional loans.

SELLERS

• Decide where you are going. That is the hardest part about moving in this market.

• Pare Down & Repair. Start decluttering and make repairs.

• Call me. I'll give you a complimentary CMA, give you my advice on how to best present your house, and help you learn your town's market.