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REAL ESTATE PROFESSIONALS EXPLAINS:
The Buying Process
WHY BUYING NOW IS A SMART CHOICE - AND WHY IT IS MORE AFFORDABLE THAN YOU THINK

Today's average mortgage rate still presents buyers with a great opportunity. The goal for a cheap monthly mortgage is lower mortgage rates. In 2021 we have seen record lows and will continue to see them in 2022. Even with a slight increase to averaging over 3%, that is still drastically lower than it has been over the last 5 years. If we want to compare that 3% interest rate average to the recent decades, the numbers are astounding. Record highs in the 1980's averaging 12.70%. The 1990's weren't too far behind averaging 8.12% and the 2000's averaging 6.27%. When we look back over the decades we can see that today's rate is truly outstanding by comparison.

WHAT DOES THIS MEAN FOR YOU?

I understand that missing out on the sub-3% mortgage rates we had in the early 2021 months is frustrating; but it is important to realize you are still able to take advantage of today's low rates. Buying now still makes sense, as the experts project that the rates will continue to rise over the next few months/years. As those rates creep up, it will cost more to purchase your dream home.

HOW TO TAKE ADVANTAGE OF THE LOW RATES

Buying a house is not only somewhere you and your family are going to call home, but a very smart financial investment for your future. To make sure you are getting the most out of your investment - it frequently comes down to timing. Right now with the low rates, you are able to buy a larger house with a cheaper monthly mortgage payment. Being able to buy more house sets you up to making a greater return when you end up selling. Here are some steps you can take to make sure you are ready to buy your house: -Calculate how much you can afford monthly -Save for a downpayment and closing costs -Get pre-approved for a mortgage

Jaclyn M

Tommy did an outstanding job finding us the house of our dreams! He was responsive, extremely organized, and dedicated to finding us exactly what we were looking for! He went above and beyond at communicating with us and making the house buying process very relaxing.

Jaclyn M Buyer/Seller
Aaron G.

Tommy was recommended to me through a colleague and it was one of the best decisions I’ve made when finding a new place to live. On a moments notice he was available to field any question that I had. There was a very short timeline between when my lease ended on my previous residence and finding a new home to live in. Tommy worked extremely hard for me by scheduling showings, drafting up documents, getting in touch with the home owners as well as the listing agents to make sure all of the criteria I needed was met (he even offered to accommodate my travel to the showings). Tommy was available 24/7 and worked after hours to get critical aspects of the process completed. Once we signed pen to paper Tommy furthered the process by doing due diligence to make sure our move-in was running smoothly and we were settling in well. I am not sure what we would do without Tommy, he helped immensely and I won’t ever be using another agent to service my real estate needs. Thank you Tommy!

Aaron G.
Johnny S.

Tommy did a great job actively helping us find the best place for us to rent. His knowledge of the area and skills as an agent were very impressive. When I start looking for a house to buy, Tommy will be my guy.

Johnny S.
Greg S.

Tommy, and the entire team at Legacy, were fantastic to deal with. It makes the whole process of buying a home easier when you’re dealing with professionals! I particularly liked the fact that they did most of the transaction electronically, which really worked out well for us because we were out of state during most of this. I LOVE companies that use technology as much as possible! Tommy was very responsive and quick to find out answers to our myriad of questions. If he didn’t know, he had people he could call and find out the answers, which is so much more important to me than trying to fake it. I would highly recommend Thomas Manning and the team at Legacy to handle your next real estate transaction, without any doubt.

Greg S. Bought a Single Family home in 2021
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