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How You Can Reduce Homebuying Stress

by Mehner Weiser Real Estate, LLC.

 

Buying a home can be stressful (especially in a hot market). 

But you’re in luck: There are ways to combat any worries you have and make homebuying a more enjoyable journey.

Are you getting ready to purchase a home? Want to ease the stress of it all? Here are four strategies that could help.

  1. Prep your finances early. Having your finances in order can help make the process significantly smoother. You should have plenty saved up for your down payment and closing costs, and be sure to gather all the documentation you’ll need to apply for a mortgage (W-2s, bank statements, etc.).

  2. Communicate openly about what you want. Knowing your needs and deal breakers — and communicating them early on — is critical to a hassle-free process. We’ll go over your budget, home purchase goals and any questions and concerns you might have along the way.

  3. Delegate where possible. You don’t have to do everything on your own; in fact, that could make the process more stressful. Instead, rely on the experts — your loan officer, home inspector and other pros involved in the process. Lean on us for help and support, and don’t feel like it all rests on your shoulders. Family and friends could help carry some weight, too.

  4. Keep the big picture in mind. There may be hiccups along the way, but never lose sight of the big picture: your dream home and all that comes with it. Keeping things in perspective can help you weather anything that might come your way.

Get in touch so you can have an experienced real estate agent by your side and reduce your homebuying stress considerably.

What to Know About the Housing Market

by Mehner Weiser Real Estate, LLC.

Anyone who lived through the 2008 recession and subsequent housing market crash is likely feeling a little worried. After all, home prices have risen quite a bit in the past few years, and inflation is at a 40-year high.

But does that mean we’ll find ourselves in a situation similar to the late 2000s?

Likely not — because today’s market conditions are starkly different from what was happening in that period.

And in fact, the 2022 housing market is quite strong. Here’s why:

Demand far outweighs supply. Housing inventory is extremely low, and demand continues to surge. Demand will likely remain strong for the foreseeable future as the practices of remote work and buying and selling online continue. These two factors keep home values up and provide a steady stream of buyers as properties hit the market.

Lending standards are stricter. It was much easier to get a mortgage 15 years ago. After the crash, lenders created more rigorous standards for borrowers and the financial situation they need to be in to take on a mortgage. Due to these tighter requirements, most homeowners aren’t at risk of foreclosure if the economy heads toward a recession.

Homeowners have a lot of equity. The average homeowner gained over $55,000 in equity in 2021 alone. In the event of a recession, most homeowners could sell their homes and still make a healthy profit.

There’s no crystal ball to predict the future, but the housing market is on strong footing, even through the ups and downs. 

Want to discuss your goals for buying or selling real estate in today’s market? Please reach out.

Displaying blog entries 1-2 of 2

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Mehner Weiser Real Estate Group
RE/MAX Dynamic Properties
3350 Midtown Place
Anchorage AK 99503
Bethany (907) 223-1632
Bonnie (907) 223-0005