Home buying has become more challenging than ever in today’s pandemic-driven market. While mortgage rates are at their all-time low, so is inventory. In the United States, housing prices are up these days and the market is consistently experiencing overbids and multiple offers. Well, that doesn’t mean first-time homebuyers should give up on their home buying ambition. However, it will take more planning, time, and effort to find the right Washington Homes for Sale.
The Importance of Our Homeownership Programs in a Pandemic
Most economists believe that the real estate industry has recovered faster than expected during the pandemic. A consistent lack of inventory, low mortgage rates, and pent-up demand are its contributing factors. Well, the good news for homebuyers is that online or virtual support/education is available. These programs can help you achieve homeownership when the competition is fierce. There are several types of programs available for real estate agents and loan officers to expand their client portfolios.
Many prospective buyers are not aware of the scope of these vital resources and don’t think they’ll qualify. At Isatou Properties, our goal is to burst the most common myths about these programs. Have a look at some of them:
Myth 1 – They’re only for first-time home buyers.
Myth 2 – A down payment of 20 % is always better.
Myth 3 – Home buyers that are using down payment programs are considered less appealing.
As an endeavor to educate and inform you and other investors, we celebrate Homeownership Month with our programs. The overwhelming response we are getting proves that buyers are eager to learn more about homeownership.
All real estate agents and loan officers must consider hosting a home buyer seminar and include information about them on their website, blog, or social media account. At Isatou, we make it easy to showcase these programs with a variety of tools and resources built especially for real estate agents and loan officers. For more information, please contact us.