{"id":8432,"date":"2026-04-18T09:46:47","date_gmt":"2026-04-18T09:46:47","guid":{"rendered":"https:\/\/demo1.xpertixe.com\/index.php\/agent\/loganmulquin95\/"},"modified":"2026-04-18T11:07:08","modified_gmt":"2026-04-18T11:07:08","slug":"loganmulquin95","status":"publish","type":"agent","link":"https:\/\/demo1.xpertixe.com\/index.php\/agent\/loganmulquin95\/","title":{"rendered":"loganmulquin95"},"content":{"rendered":"

The Do’s and Don’ts Of Buy<\/strong><\/p>\n

There is a version of the housing market<\/a> story that gets told over and over, and it goes like this: prices are high, rates are high, nothing is affordable, and the only people buying are the ones with cash. That version is not wrong, exactly. It is just incomplete<\/a>.<\/p>\n

The arithmetic<\/a> here is brutal and worth understanding clearly. A buyer who financed a $400,000 home at three percent in 2021 pays roughly $1,686 per month on principal and interest. That same loan at a seven percent rate costs $2,661. Those numbers explain why the market froze rather than crashed when rates moved higher. Volume collapsed. Prices mostly did not.<\/p>\n

Affordability, by the standard measure of what share of median household income goes toward the monthly payment<\/a> on a median-priced home, is near its worst level<\/a> since the early 1980s. That is a real problem, and it is not going away quickly. That measure being at a historical extreme<\/a> does not automatically produce a correction. What it means, practically, is that the buyer who can close confidently has more leverage than the headline numbers suggest.<\/p>\n

Before you look at a single listing, get your mortgage pre-approval completed and in hand. Not a rough estimate. Not a verbal confirmation from a loan officer you met once. A full pre-approval based<\/a> on verified income, tax returns, bank statements, and a hard credit pull. Without that letter, you are not a buyer, you are a browser.<\/p>\n

If the report surfaces findings that change the financial picture of the deal, you have real choices, and walking away is a legitimate<\/a> one of them. You can request<\/a> a credit against the purchase price to handle repairs yourself. The one thing to avoid is accepting everything uncritically<\/a> because you are afraid of losing the deal.<\/p>\n

Negotiation works best when it is quiet and well-prepared. Before you make an offer, find out whether the price has been reduced and by how much. A listing<\/a> with a history of two failed deals in the past month is a fundamentally different negotiation than a fresh listing in a neighborhood where homes sell<\/a> in under a week.<\/p>\n

Real estate is illiquid. Transaction<\/a> costs, agent commissions, and closing fees mean you typically need three to five years just to break even on a purchase. None of that means do not buy. It means be honest about your time horizon before you commit.<\/p>\n

Buyers who take the time to prepare before they start looking tend to find that opportunities exist even when conditions look difficult<\/a> on paper. A quick look at up-to-date property listings<\/a> will tell you more about your local market than most of what you read in national coverage.
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