It's a very challenging time to buy a house right now

In fact if you're a seller as well, sure, you're going to get a ton of money for your property, but where the heck do you go? If you want answers to these questions, this is the market update for you.

Buyers, let's get into it. Why are you seeing properties show up to the market and they're gone in a week and it sells way over list price. You're trying to find a home but you're competing against so many offers, why is that? Well, the reality is there's just not enough homes in America right now and over 82 million Millennials that are out there are looking to buy properties. And so, if you've looked at the data, you started to see that there are not enough homes for so many buyers, and that's why all these properties are in multiple offers. 

So, is it a bad time to buy? It can be and the reality is as interest rates are increasing you’re thinking to yourself, well, I don't want to buy at this price. Not only are there limited houses but also the money is expensive. Well here, I just need you to stop. We've got some solutions. Let's tackle them one by one. 

1. The Amount of Houses

Did you know that there are lots of houses out there? They just might not have a for sale sign in front of them. That's where Brooke Team comes in. That's why I've designed a way in order for us to get in front of more people who may be interested in selling their property, just not listing it to the Market just yet. And so, if you've got an area that you'd like to live in, our team will door knock that area, mail that area, and get in front of as many people as possible, call home owners, because many don't know that their home is worth more than they probably think it is, and would be happy to sell to a buyer if they knew that a buyer was out there. 



So if you want to live in a specific area, please reach out to a Brook Team agent so we can get started for you to be as proactive as possible to find the home that you're looking for.

2. Money and the cost of it

That's a very real factor. Right now, people are asking, should I pay for a six or seven percent interest rate? I'm not sure where this is going. Well, if you listen to popular guys like Dave Ramsey, they say, well, marry the house and date the rate, which means basically find the house that you need for your family right now especially if it's growing. And as rate decrease over time, you can refinance.

But I've got a better step for you as well. Not only that, but we've also got a couple of programs that are out there that provide down payment assistance for new buyers and on top of that, a great way to reduce their interest rate. That's right, reduce your interest rate, a number of points for the first few years. 

If that sounds interesting to you, I need you to reach out to a Brooke Team agent, so they can explain a little bit more with some of our trusted loan professionals.

Sellers, this part is for you and here's the big important reason. Your property is likely worth far more than you ever thought it would be. I just met with a home owner the other day and she was shocked that her home was actually worth a hundred thousand dollars more than she anticipated it to be.

So right now, you're likely asking the question, well where do I go?

That's again, where Brooke Team comes in. Tell us where exactly you're looking to move to. Whether that's instate, inside of Connecticut, Massachusetts, Rhode Island or Florida or you're looking to move across the country or even globally. We have a massive network of similarly minded agents who are highly proactive in finding specific homes that fit your preferences and going out and reaching out to home owners to see if they would sell their home. It's important for you to reach out to us, not only so we can maintain a current watchful eye on the market value of your home, any improvements that you've done to the property, but also check out the equity that's in there. Perhaps we could use that for investment properties or other vehicles in order to increase your net worth. 

And now, an exciting announcement from Brooke Team. We are constantly growing and adding to our service areas in Connecticut, Massachusetts, Rhode Island, and in Florida, and we just had an opening in Greenwich Connecticut and into The Hampton. 

So if you have clients located in the Fairfield County area, along with the Hamptons, we love to serve them as well. And now we will be adding our New York numbers to our real estate areas that we cover. 

Thank you so much for watching and here are the numbers for all the areas that Brooke Team serves clients in Connecticut, Massachusetts, Rhode Island, Florida and now New York.

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