Planning to buy a house while still owning your current one?

Finally, it’s possible, with the Your Home Sold Guaranteed Realty - The Cachon Team Home Swap Program, you get the certainty of buying the new home you want first and then selling your old one.

The Your Home Sold Guaranteed Realty - The Cachon Team Home Swap program allows you to buy a new home before selling and will cover your old mortgage in the meantime.

Our lender will even pre-pay up to $25,000 to get your home market-ready. Only a few agents in the country are able to provide this service, so you’ll rarely find something like this outside of our team.

If you’re ready to talk about how the Home Swap program can help you with your buying and selling needs, feel free to reach out to us.

We’d be happy to answer any questions you may have.

Check out this article we’ve found from Florida Realtors now!

Is the Starter Home Gone for Good?

Thanks to tight inventory and competition from institutional investors, more first-time buyers set their sights on larger homes with lots of backyard space.

NEW YORK – First-time homebuyers aren’t just competing with each other for smaller starter homes – they’re also competing against institutional investors seeking rental properties. In a few markets, starter homes are routinely selling for $100,000 over the asking price.

The National Association of Realtors® (NAR) estimates that the average price for a starter home rose from $233,400 in 2019 to $307,400 by the end of 2021, which boosted the average monthly payment from $1,038 to $1,224.

In addition, NAR says a first-time buyer’s median age climbed from 32 years old in 1981 to 45 today, and this group’s median income increased from $80,000 a year in 2020 to $86,000-plus in 2021.

“We have to redefine what a starter home is,” says Terry Hendricks, a Realtor with RE/MAX DFW Associates in Dallas.

Agents generally define a starter home as being about 1,500 square feet with two or three bedrooms that are sufficiently affordable for a buyer who lacks equity from selling their previous home, and preferably in move-in condition.

Olivia Mariani at proptech company Curbio explained that the move-in-condition factor is especially critical for millennial buyers, while elements like outdoor space or a slightly larger home are also becoming more desirable for first-timers due to the pandemic.

Some experts predict that buyers will migrate to cheaper markets free of factors like technology jobs and cold climates, a trend currently fueling high prices in destinations like Austin and Tampa.

Source: Inman (03/15/22) Verde, Ben

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