Top 5 Reasons Why You Should Purchase Your Home Today with Michele Hunt!

Hello,

Are you a buyer that has gone to the sideline to wait to purchase a new home or has been delayed from entering the real estate market? If so, I'm sure your reasons could be valid, but I wanted to ensure you have all the information on whether this is a wise choice.

The main issue, I assume, would be " affordability " from the significant rise in rates that has lowered your buying power or knocked you out of qualification. You might think this is a negative, but I wanted to highlight this exact issue and show you that it is an excellent thing for you as a potential home buyer.

In the video above, I've laid out the domino effect of the increase in the rates market, which allows you opportunities that have not been present in the last few years for home buyers. The lack of affordability and inventory is an exciting and challenging dynamic in this market, making it completely different. What I mean by that is that usually, these two forces don't line out together in this magnitude.

For example, when affordability issues last crept into the market, the housing supply spikes with the pullback of buyers, which we experienced recently in 2018/19.

The main issue that has caused a much-needed pause in our housing market has been the spike in rates, which caused our affordability issues. So we should focus on the opportunities that present you as a home buyer now vs. just six months.

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Six Months Ago vs. Today

Six Months Ago:

Buyers competed against 10+ offers per property.

Buyers had to release all loan, inspection, and appraisal contingencies.

Buyers had to convert their loans into " cash offers " to compete.

Buyers had to overbid on their offers to compete.

Buyers had to settle on whatever home came on the market.

Buyers are being delayed in converting their " cash overs " into loans in this high-rate environment.

Today:

Few Buyers, which means less competition.

Buyers can write offers with and maintain their contingencies.

Buyers with minimum down payments can purchase again.

Buyers can get fair value or even undervalued properties with their offers.

Buyers have more choices of homes than buying whatever comes to market.

With help from lenders like myself, we can structure much better terms, like buying down the rate.

Reviews

"I was very hesitant to move away from the trusted lender I had used for 3 separate refi's, but the rates offered by Watermark were too hard to turn down. I usually do not take the time to leave reviews for anything, but had it not been for all the positive comments regarding Watermark and Corvi given by other users, I would have never moved forward. At this point, I feel obligated to help the next home buyer on the fence about using Watermark move forward with confidence.Corvi was very easy to work with, very responsive and the few times I actually had to take the time to pick up the phone and talk to him, he was helpful, respectful, knowledgeable and actually fun to chat with. Everything I was promised was delivered and my loan was funded without a hitch.I have recommended Watermark and Corvi to all my friends, co-workers and family and plan to use them for any future refi's or purchases."

"I wanted to take a minute to share how awesome I think Corvi is. This is big coming from me because my expectations are usually pretty high:)Throughout my refi, he far exceeded my expectations. He always replied quickly to any questions or concerns I had (even when I was overly cautious and questioning many things). He was friendly and professional each and every time. Once I realized my refinance was in his very capable hands, I was able to relax. This gave me confidence in my mortgage company if he is an example of the high caliber people who work there."

"Corvi was very helpful and informative, in our first home transaction. Thank you for making our first time home purchase a smooth and comfortable experience."