Buyer’s first step? The answer is almost always to arrange your financing. This will of course help you focus on the proper price range of homes. But it also allows your Realtor to help you develop a strategy to find the home, and to have a tactical approach to the negotiations. Much better to have a plan, than to wing it last minute.

Below is an excerpt from a recent article posted by rismedia.com that quotes the April Realtor.com report.  Basically the report states what we in the real estate profession have been seeing for the last month or two, that the real estate market is getting hot.  We certainly have seen this playing out in the Fredericskburg real estate market in recent weeks.  Check out the article excerpt below…

“Realtor.com®, a leader in online real estate operated by Move, Inc., released its April data showing that the U.S. housing market is on its way to a broad-based recovery, an accelerated trend since March. The home-buying season shifted into high gear last month as inventory and home list prices on realtor.com® increased by 4.12 percent and 2.63 percent, month over month, respectively. As of April, homes are on the market nationwide approximately 81 days—a decrease of nearly 11 percent since April 2012—highlighting that while new homes are entering the market they are not available for long.”

See the full article here.

Lovely Home in Lee’s Parke

View more details, photographs, current price and more…

A timeless truth is that the amount of a mortgage you can afford, and the amount you qualify for are likely two very different things.  However, below you will find a link to a tool that can very helpful in determining if your income is sufficient to purchase a home.  Check it out here: http://www.fha.com/calculator_afford

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