Are you thinking of buying a home in Raleigh? Are you thinking of buying home in North Carolina  or anywhere in the U.S. for that matter?  If so, spring 2022 is a great time to make your home purchase as a first-time homebuyer or as a repeat homebuyer.  Here are Certified Mortgage Advisor, Kevin Martini’s to motivators this season that should confirm and encourage you to start the home buying process sooner than later.

Homeownership Has Many Perks

Homeownership is the American dream – not just because of the wealth of  tangible financial benefits, but because of the intangible benefits too! Homeownership has the power to change lives for generations. 

Homeownership has far reaching impacts way beyond just stability and security.  Over the past two years, the evil pandemic made having a safe space to call home more important than ever before. If the pandemic has changed what you’re looking for, homeownership may be able to deliver the perks you deserve, financially and emotionally.

More Homes Are Expected To Enter the Market This Spring

This spring there are many active buyers in the marketplace than there are homes for sale, the homebuying process may take more time and effort than usual. It is what it is, however the good news is, spring is typically a highly active season in the real estate market when more sellers list their houses. 

If  you believe homeownership is right for you and your family, it is time to get confirmation so you have certainty.  The first step to homeownership is not the home search, the first step is the home loan. In any real estate market and regardless if you are a first-time homebuyer or a repeat homebuyer, there is never a substitute for having certainty before you start your home search.  Certainty for yourself, your family and for the seller too.  You should never get just pre-qualified you should only get pre-approved with a Certified Mortgage Advisor with the Martini Mortgage Group.  A pre-approval with the Martini Mortgage Group provides you with not just price and cost clarity but it provides you with certainty that when your dream home hits the market, you can do it.  It also communicates to the seller of your dream home that you are making a ‘same-as-cash’ offer.

Home Prices and Mortgage Rates Are Climbing

In 2021 the housing market saw a sharp increase in home price appreciation due to unprecedented demand  and the imbalance of housing supply – this is especially true for people looking in the Raleigh, North Carolina market. 2022 is expected to be a rinse and repeat of 2021 even with the rise of inflation and mortgage rates.  Yes, mortgage rates are higher right now then they were last year and next year they will likely be higher than they are today however, from a historical standard, they are still very low.  

With the ‘sticky’ vs ‘transitory’ nature of the current inflation today and based on the known fact that homeownership is a hedge against inflation then pepper in the expert predications that home loan rates will keep rising in 2022, this means if one waits to buy a home, waiting will cost them more. 

Certified Mortgage Advisor Kevin Martini

Rents Are Rising

Home loan rates and home prices aren’t the only things on the rise either. Census data also shows the median monthly rent continues to go up year after year. If you want to escape rising rents, consider purchasing a home so you can lock in your monthly mortgage payment and avoid future increases. Even though the number of homes available for sale is low, homeownership is a much more stable long-term investment. 

The first step to homeownership is not the home search – the first step to homeownership is the home loan. It is never too soon to connect with the Martini Mortgage Group to have a free confidential conversation. Simply call: (919) 238-4934.