John Watts's (zwatts1) Blog

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Real Estate Agent - Keller Williams Realty
RECENT BLOG POSTS
Home market shift has cause home buyers to focus on price as well as other things to make their home buying experience more attractive.   Buyers need to better understand the parts of the contract to create a win-win environment for themselves. Buyers now have more inventory and less competition ...
01/17/2023
Buying a home is stressful, whether you are buying a starter home, upgrading, or downsizing.  In a sellers’ market this can be extra stressful.  During that cycle, buyers compete in a multi-offer environment.  For some buyers it may be advisable to wait for the market to cool off. On the other ha...
12/12/2022
Before starting the home buying process, be sure to take time to understand costs associated with purchasing property.  These costs include down payment and closing cost.  Closing cost include both prepaid and actual expenses to close the deal.  Most loan types, the buyers’ credit score and down ...
11/03/2022
Mortgage rates are rising in today’s housing market, and this affects how much a home buyer can afford to purchase. Likewise, your credit score and down payment have a similar affect.  All of the above items have a direct effect on how large a loan you can get.  When in the market to purchase a h...
10/14/2022
When shopping for a mortgage loan, credit score plays a key role in determining eligibility.  Therefore, it is necessary to understand the importance of a high credit score when preparing to purchase a home.  Lenders decide how likely you will repay your debt based on credit score.  Credit scores...
09/27/2022
One of your early steps in your home buying process is to fully understand your finances.  This is not a fun step, but a very necessary to determine how much you can afford to avoid future financial problems.  This requires gathering financial information to answer questions from a mortgage lende...
09/07/2022
Homeowners over 55 are seeking solutions in their daily lives that will help them maintain and provide their safety and security.   Smart technology is part of the answer to help older people to age in place.  This will improve their quality of life and allow them to be independent longer.  Such ...
07/20/2022
National Association of Realtors (NAR) says in a report that we are in an unusual housing market.  Existing home sales have fallen recently, but buyers are still anxious to purchase a home.  Mortgage rates and sales prices are higher, and currently experiencing low inventory of existing homes for...
07/07/2022
The housing market is beginning to show signs of getting back to normal.   This is indicated by fewer contract signings and decrease in pending home sales recently.  The only area that has seen an increased number of sales is the northeast.  With fewer contract signings this is an indication that...
05/17/2022
Income required to meet the new home affordability standard is growing at a faster rate.  This is resulting in less potential home buyers being able to afford higher median home prices and high mortgage rates.  At same time, there are sellers that are recognizing some buyers are being priced out ...
04/26/2022
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John Watts

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