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With a new year on the horizon, our real estate agents foresee many exciting developments in New York's real estate market. If you're considering purchasing a home in 2025, it's a good idea to prepare yourself for what lies ahead. Our tips will help you take actionable steps toward purchasing your dream home in the coming year.
Traditionally, spring marks a busy period of time for housing market activity. With the heat of summer seemingly only weeks away, first-time homebuyers should learn strategies for finding their ideal home while keeping financial priorities in check. Buying a home can be the largest and most important financial decision one can make, so it is important to be aware of all the factors that go into making a responsible purchasing decision. The first step is figuring out how much you can afford to spend on homeownership, which means an honest assessment of the household balance sheet. Once you have a clear idea of where you stand financially, you can then make a responsible decision of what you can afford, including your down payment, monthly mortgage costs and other expenses like utility costs, property insurance and taxes. Here are a few tips: Making an affordability assessment Housing costs, including mortgage payments, property insurance and taxes, should not take up...
It's easy for first-time homebuyers to become overwhelmed as they begin their home search. Often, buyers get distracted by a newly renovated kitchen or finished basement, and lose sight the big picture when choosing a home. See below for three factors that should be a priority as you navigate the home buying process.
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