Sentences with phrase «factor for homebuyers»

Even though home privacy seems unobtainable in city or suburb living, the proximity of neighboring homes is a big factor for some homebuyers.

This is an important factor for homebuyers considering a home with knob and tube wiring and is another reason the system should be replaced.

Not exact matches

Good news for the patient homebuyer, but the decision to wait and buy should also factor in potential rising interest rates as well as job security and economic growth.

Homebuyers should also factor in another 1.5 % to 4 % for other closing costs, such as lawyer or notary fees and land transfer taxes.

Homebuyers must consider many factors when selecting the best mortgage type and length for the current home purchase.

Many first - time homebuyers shop for a mortgage based solely on the lowest mortgage rate, when there are so many other (more important) factors to consider.

The time it will take to break even is one year and 11 months — all factors that, combined, make for first - time homebuyer - friendly conditions.

Confidence in housing sagged in July in the Fannie Mae Home Purchase Sentiment Index ® (HPSI), with optimism weakening for both homebuyers and sellers due to limiting economic factors and unaffordability.

The most decisive factors for first - time homebuyers in the Mid-Atlantic will be «affordability,» «updated kitchen and bath» and «move - in ready status,» according to the survey.

If interest rates rise 1 percent and all other economic factors remain the same, purchasing power for homebuyers will decrease by just over 11 percent; therefore, every quarter - percent (0.25 percent) rise of interest rates reduces homebuyer purchasing power by 3 percent.

«The sense of community and wanting friends and family nearby is a major factor for many homebuyers of all ages,» Yun says.

For most Massachusetts homebuyers researching lenders and home loan programs, the mortgage interest rate is one of the most important factors in deciding which lender and / or loan program to use to finance the purchase of a home.

Bay Area homeowners and homebuyers seem to have adjusted to a real estate market characterized by modest ups and downs from month to month and quarter to quarter in response to economic news and other factors, including the inventory of homes for sale, the presence of large numbers of distressed properties and a shortage of traditional home sellers.

Many consumers now understand what real estate professionals have known for the last year, a number of related factors have combined to create a favorable opportunity for homebuyers and investors to purchase residential properties.

Check Your Credit The homebuyer's credit score is among the most important factors when it comes to qualifying for a loan these days.

«Rapid price growth combined with lagging, sticky income levels quickly pushed home prices out of the affordable range for a majority of homebuyers, which is a key factor in this market's recent downturn in performance.

SALT and mortgage interest deductions don't factor into any of the core considerations for most homebuyers.

Higher down payments are one more factor making life difficult for first - time homebuyers, who accounted for 28 percent of June home sales, a slight uptick from 27 percent in May but a long way from the 40 percent share that first - time buyers typically accounted for just two years ago.

Indeed, the NAR data confirms that observation: Lifestyle factors were cited as the primary motivation for vacation homebuyers, with 46 percent of vacation homes located within 100 miles and 34 percent more than 500 miles.

On top of closing costs and down payment, as a homebuyer you will need to factor in the cost of routine maintenance for your home and utility costs into your personal budget.