Tammie VanDeusen

In many parts of the country, potential homebuyers are noticing the low number of homes for sale. According to many real estate analysts, the situation looks like it’s not going to change any time soon, as more Millennials decide they are ready to make their move into homeownership. That’s why it’s more important than ever to know the best way to purchase your next home in a seller’s market. Is it Bad to Buy a House in a Seller’s Market? With mortgage rates continuing to be low, you may be thinking of buying your first home or upgrading to a new one. However, news of a shortage in building materials and the number of houses available, may have given you a pause to consider if this is still the best time to buy a home. The following information could help you make an informed choice and help you get the home you want at the right price. How Do You Get the House You Want in a Seller’s Market? With demand for housing increasing faster than supply, home buying in some areas of the...

  It’s a fact: The housing market is hot and competition for homes is becoming increasingly intense. While entering the market is nerve-racking for most buyers, it can be especially stressful for  first-time homebuyers  who are trying to come up with the necessary funds to make a down payment. This has led some first time home buyers to look toward non-traditional sources – such as their  401(k)  – to come up with the money they need. Here, we’ll examine how to, and if you should, make a 401(k) withdrawal to use as a source for a down payment as a first-time homebuyer. Can a 401(k) help you make a down payment? The short answer is  yes . The longer answer is  yes,  but… First things first – your 401(k) is  your  money to use at  your  discretion. While it doesn’t function the same way as a standard deposit account, you still have the right to access it if you choose to do so. If you’re like many, your 401(k) is your largest fin...