Your lease just ended, and you're on a month-to-month when you get the call: your landlord is selling the house, and you need to make plans to move. You scroll through the available rentals, all more expensive than the home you've rented for the past year, and with less space. There's an apartment in your budget, but after living in a stand alone home, isn't moving into an apartment complex a step back? You begin to feel helpless when the thought occurs to you that maybe you should consider buying a house. Your friend from work just bought a house, and if they can do it, surely you can too?
You switch your search from "For Rent" to "For Sale" and find a "mortgage calculator" online. You plug in the sales price of one of the homes you could imagine yourself living in, and you're surprised to find that you're paying more in rent than what your monthly payment would be according to the mortgage calculator. Maybe you should've thought about buying a house sooner...
Does that sound familiar? We hear it often, and especially as of late. Housing inventory is the lowest it's ever been in the Pensacola real estate market, so prospective buyers are feeling the crunch. In fact, it's this lack of supply that is causing some landlords to consider selling, which only further compounds the problem. Many buyers are being thrust into a market that is highly competitive not because they're finally "ready" to buy a house, but because they're running out of affordable options.
These don't make for the greatest circumstances, and particularly if one is unsure of where to even begin when buying a house. No doubt there are plenty of people willing to offer up their own experiences, but very quickly, this can create some confusion for some since homebuying experiences can vary dramatically. At Voyage, we believe every client should have a wonderful and consistent experience, so when working with our team, where does the process begin?
It starts by meeting with you to understand your goals, and creating a tailored action guide to help you acheive them. The first step in that action guide is identifying the best lending partner, and this varies depending on the type of home you're looking to buy. Are you interested in buying an older home and renovating? Are you VA eligible, or a first-time home buyer? Are you looking to buy a second-home or investment property? Typically, there isn't one lender that is best suited for all of this scenarios, so we've taken the guess work out of honing in on who might best be suited to assist you.
Of course, it's still important for you to connect and feel comfortable with that lending partner, but at least we can help guide you to a professional who understands what you are trying to acheive and will treat you with respect. After all, we align ourselves with likeminded partners who treat our clients as we would want to be treated.