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Improving Affordability in Today’s Market – comparing March 2022 vs March 2023!
Improving Affordability in Today’s Market – comparing March 2022 vs March 2023!
Press play on the video above to see an eye opening analysis that compares affordability of monthly payments from last year when rates were in the 3% range vs. todays higher rate environment.
Many potential homebuyers think they have missed the boat because of higher rates. In their minds, affordability is now thru the roof.
I’m here to show you the reality of how purchasing real estate in this market can be just as affordable with less up front investment compared to the 2022 market that had super low rates and higher price points.
The truth of this market is.....homebuyers can obtain monthly payments that are similar to what payments looked like 12months ago when rates were in the 3's. And...cash to close right now will be lower due to the prices and the absence of appraisal waivers.
It just takes having a trusted and skilled Real Estate & Lending team around you with creative strategies to help guide you in your wealth building journey.
Here's some context to help you navigate the above video message.
Option 1:
March 2022 - 600k List sells for 700k. 20k appraisal gap. Cash to close = 174k
Option 2:
March 2023 - 580k List sells for 560k. Cash to close = 126k. Payment only 305mo higher. Not 600-800mo like so many are led by the media to think.
Option 3:
March 2023 - 580k List sells for 580k with 20k Seller Buydown credit. Cash to close = 130k. Payment $33 LOWER than if purchased in March 2022. They didn't miss the boat! Similar payment AND lower cash to close in today's market is available!
Option 4:
March 2023 - 580k List sells for 580k with 20k Seller Paid 2/1 Buydown. Cash to close = 130k. Payment $250 LOWER than if purchased in March 2022. They didn't miss the boat! Lower payment and LOWER cash to close in today's market is available!
There's a short window where you may be able to buy a home at a lower price & an affordable payment so reach out today so I can help you get prepared to explore your homeownership goals & dreams!
Aaron Page
Branch Manager
Phone: 512.924.3138
Pageteam@nfmlending.com
http://www.AaronPageTeam.com
Many potential homebuyers think they have missed the boat because of higher rates. In their minds, affordability is now thru the roof.
I’m here to show you the reality of how purchasing real estate in this market can be just as affordable with less up front investment compared to the 2022 market that had super low rates and higher price points.
The truth of this market is.....homebuyers can obtain monthly payments that are similar to what payments looked like 12months ago when rates were in the 3's. And...cash to close right now will be lower due to the prices and the absence of appraisal waivers.
It just takes having a trusted and skilled Real Estate & Lending team around you with creative strategies to help guide you in your wealth building journey.
Here's some context to help you navigate the above video message.
Option 1:
March 2022 - 600k List sells for 700k. 20k appraisal gap. Cash to close = 174k
Option 2:
March 2023 - 580k List sells for 560k. Cash to close = 126k. Payment only 305mo higher. Not 600-800mo like so many are led by the media to think.
Option 3:
March 2023 - 580k List sells for 580k with 20k Seller Buydown credit. Cash to close = 130k. Payment $33 LOWER than if purchased in March 2022. They didn't miss the boat! Similar payment AND lower cash to close in today's market is available!
Option 4:
March 2023 - 580k List sells for 580k with 20k Seller Paid 2/1 Buydown. Cash to close = 130k. Payment $250 LOWER than if purchased in March 2022. They didn't miss the boat! Lower payment and LOWER cash to close in today's market is available!
There's a short window where you may be able to buy a home at a lower price & an affordable payment so reach out today so I can help you get prepared to explore your homeownership goals & dreams!
Aaron Page
Branch Manager
Phone: 512.924.3138
Pageteam@nfmlending.com
http://www.AaronPageTeam.com