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Buying Waltham Real Estate in 2021 - What To Expect

Waltham Real Estate

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!

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