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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Blog Image: Should You Buy an Existing Home or New Construction?

Should You Buy an Existing Home or New Construction?

Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up, you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. Here are a few things to consider when making the best decision for your family. New Construction   When buying a new home, you can often choose more energy-efficient op...

September 7th, 2020 | First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction, Pricing, Should You Buy an Existing Home or New Construction?

Blog Image: Why Is It so Important to Be Pre-Approved in the Homebuying Process?

Why Is It so Important to Be Pre-Approved in the Homebuying Process?

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within a monthly mortgage payment, and ultimately how much money you can borrow for your loan. Pre-approval from a lender is the only way to do this. According to a recent survey from realtor.com, many buyers are making the ...

September 4th, 2020 | First Time Home Buyers, For Buyers, Move-Up Buyers, Why Is It so Important to Be Pre-Approved in the Homebuying Process?

Blog Image: The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]

The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]

Some Highlights The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power. Let’s connect if you’d like expert guidance on exploring your homebuying options while affordability is high.

September 3rd, 2020 | First Time Home Buyers, For Buyers, infographic, Rent vs Buy, The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]

Blog Image: Three Ways to Win in a Bidding War

Three Ways to Win in a Bidding War

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season. Javier Vivas, Director of Economic Research at realtor.com, explains: “COVID-19 has accelerated earlier trends, bringing even more buyers than the market can handle. In many ...

September 2nd, 2020 | First Time Home Buyers, For Buyers, Move-Up Buyers, Three Ways to Win in a Bidding War

Blog Image: It’s Not Just About the Price of the Home

It’s Not Just About the Price of the Home

When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why. Today’s low rates are off-setting rising home prices because it’s less expensive to borrow money. In essence, purchasing a home while mor...

September 1st, 2020 | First Time Home Buyers, For Buyers, interest rates, Move-Up Buyers, Pricing, It’s Not Just About the Price of the Home

Blog Image: Just How Strong Is the Housing Recovery?

Just How Strong Is the Housing Recovery?

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market. Purchase Mortgages The number of buyers getting a mortgage to purchase a home is a strong indicator of the strength of a housing market. Below is a graph of the week-over-week percent change in that numbe...

August 31st, 2020 | For Buyers, Housing Market Updates, Just How Strong Is the Housing Recovery?

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