The process of buying a home is similar to playing a sport. You must get in shape and understand the rules before hitting the field, and then be able to overcome challenges to secure your win. In 2021, you’ll win in your Waltham Real Estate game by understanding how to stack up against lender qualifications, how to compete with other buyers, and how to navigate through a socially distanced home buying process. This article will give you some insight into what it looks like to buy a Waltham home in 2021 and how to prepare yourself for the process. 

 

It’s Currently a Seller’s Market

Lately, there have been a ton more buyers than sellers in the Waltham Real Estate market. Therefore, when you find a home you really love chances are you won’t be the only one submitting an offer. If you’re currently looking for a new home you’ll need to make sure you’re flexible and going in with an open mind. For example, in today’s market, it’ll be tough to win over a seller if you make your offer contingent on the sale of your current home. To figure out how to navigate the local market and make a strong offer on a home, talk to your Waltham Real Estate Agent! 

 

Home Prices Expected to Increase

Since it’s currently a seller’s market, Waltham Realtors are saying that they expect home prices to continually increase. Prices on homes also can vary by season, so if you’re on a tight budget it’s important to buy within certain months to save you money. Waltham homes are normally more expensive in the warm summer months and less expensive in the winter months. 

 

Mortgage Rates Are Expected to Stay Low

A positive fact about the current Real Estate market is that mortgage rates are expected to stay low in 2021. Even though rates are currently lower, Waltham Real Estate Agents still suggest shopping around and doing your research when looking for a mortgage lender. Contact multiple lenders and compare their offers so that you can get the best deal possible. 

 

Digital Tools Are Changing the Home Buying/Selling Process

New digital ways to sell and buy homes are taking over the real estate market. Virtual home tours, online closings, smaller open houses, and Zoom meetings have allowed people to continue to sell and buy homes during this pandemic. While the social-distancing rules have started to lift, online and digital tools will continue being used even after the pandemic is over. 
 

Credit Requirements Are Still Tight

The credit score you need in order to buy a home will depend on your mortgage type and the lender. If you have a low credit score it will be tougher to qualify for a loan. Waltham Real Estate Agents say that some lenders might loosen credit requirements as the economy improves, but it might still be tough to find a lender if you have low credit. If you’re looking to boost your credit score, here are a few tips! 

 

Contact a Waltham Realtor

With today’s crazy real estate market it’s crucial that you have a knowledgeable and experienced Waltham Realtor to help you along with the buying or selling process. Your Waltham Real Estate Agent will work hard to help you get your dream home or sell your current Waltham home. Contact Waltham Realtor, Hans Brings, today at 617-968-0022!

If you’re thinking about selling your home, you’re probably also thinking about how much you can sell it for. You might try some online home value estimators, however, most of those tools won’t give you very accurate results. They might be great starting points but they won’t be able to factor in specific details about your home. The best way to determine how much your Waltham Real Estate is worth is by conducting a Comparative Market Analysis or CMA. To do this you should work with an experienced Waltham Realtor who understands the local market entirely. 

 

What is a Comparative Market Analysis?

A Comparative Market Analysis or CMA is the method of calculating the value of a home based on recent sales of similar homes in the same area. Waltham Realtors use a CMA to help accurately determine what your property is worth. They will assess all of the features of your home and compare them to similar properties in the area to see exactly how much your home should be listed for. 

 

What Should a CMA Include? 

When conducting a CMA with your Waltham Real Estate Agent, it will likely include several comparable sold properties, sale pending homes, and currently listed homes.  These properties will have similar features to your home and are located in the same or similar area to your home. The analysis will include the price these properties sold for and a proposed price for your home’s listing.  

 

Is a CMA Accurate?

As mentioned above, a Comparative Market Analysis is a fantastic way to accurately determine your home’s market value. However, it is never guaranteed that your home will sell at the exact price provided in the CMA. The best way to get the most accurate CMA is to work with an experienced Waltham Real Estate Agent.

 

Can You Get a Comparative Market Analysis for Free?

Most agents, including Waltham Realtor Hans Brings, will provide you with a CMA for free. This is a great way to get to know your local Waltham Real Estate Agent and see exactly how they can help you in your home selling process. 

 

Contact a Waltham Realtor

To get your free Comparative Market Analysis contact Waltham Realtor, Hans Brings, by filling out a form or giving him a call at 617-968-0022. Being in the industry for over 31 years has given Hans the experience and knowledge to help all home sellers determine their selling price as well as end up selling for the best amount.