Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even years, to the home-buying process.
The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
There are many reason to sell your home in the fall. These reasons are strong buyer demand, less competition, may not be a better time to move & it may be time to move on with your life!
In the upstate we’ve seen homes appreciate on average annually 5% since 2012. In 2012 the average sales price was $186,667. So far in 2018 according to the latest statistics from GGAR the average sales price in the upstate is $241,226. That’s a 29.2% total appreciation from the average sales price back in 2012.