While spring and summer are peak seasons for buying and selling a home, there are advantages to closing a deal during winter months. Since the real estate market is less active during these months, it can give you greater leverage. Also, a less active market means your realtor will have more time to tend to your needs.
Below, the loan consultants at New York's Premium Mortgage Corporation list three tips designed to help home buyers and sellers as they prepare to dive into the winter real estate market.
- Familiarize Yourself With Online Mortgage Tools: If you're a buyer who's worried about being able to afford a home, spend time exploring online mortgage calculators. First you'll need to determine what kind of down payment you can manage. Experiment with different purchase amounts, as this will impact the size of your monthly payment. You'll quickly be able to see just how much home you can afford.
- Explore Online Listings: Online listings will give you a sense of which neighborhoods you can afford and will truly get you into the spirit of buying a home. If you're a potential seller, these listings will help give you an idea of what prices homes similar to yours are commanding in the market.
- Consult A Mortgage Loan Officer: A capable loan officer can help you decide which loan products best meet your needs and can give you advice on how factors such as interest rates and your credit score may impact your loan.
The loan consultants at Premium Mortgage Corporation have the experience and knowledge to help make your winter real estate transaction a smooth and pleasant one. Whether you're a first-time buyer looking to purchase a house or condo, or a seller seeking to upgrade to a nicer property, the company's team of professionals can help you make smart choices.
Get in touch with Premium Mortgage Corporation via the following contact information to learn how their loan consultant professionals can work for you.
Corporate Contact information:
2541 Monroe Avenue, Rochester, NY 14618
NMLS# 3254Equal Housing Lender
Licensed Mortgage Banker NYSDFS