Lenders are still feeling the sting of the 2008 crash. In 2014, "good" credit isn't enough; you want credit to snag those sub-4.5% mortgage rates. Before you visit an open house, pull your report and clear up any lingering errors. 2. Don’t Fear the "Short Sale," But Bring Your Patience
Inventory is still tight in hot markets like Austin, Denver, and Seattle. Work with an agent who has deep local roots—they often know about homes hitting the market before they ever show up on Zillow or the MLS. In 2014, being first often beats being the highest bidder. home buyer tips 2014
Here are four essential tips to help you land the keys this year: 1. Get Your "Credit House" in Order Lenders are still feeling the sting of the 2008 crash
We’ve moved past the era of "flipping for a fast buck." In 2014, the best advice is to buy a home you actually want to live in for at least 5 to 7 years. Look for emerging neighborhoods with new infrastructure or transit links to ensure steady long-term appreciation. 4. Master the "Pocket Listing" In 2014, being first often beats being the highest bidder
🏠 Buying in 2014: How to Navigate the Post-Recession Market
Distressed properties (foreclosures and short sales) are still a significant part of the market this year. They offer incredible value, but they aren't for the faint of heart. Be prepared for a closing process that can take 6 months or more—the "bank-owned" discount requires a lot of waiting. 3. Think "Lifestyle," Not Just "Investment"
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