The real estate market is cooling fast! It has been a sellers’ market for a long time. This is when there are a lot of buyers competing for the same house of course, which drives values up. People are bidding and over bidding, especially in areas like California and the San Francisco Bay Area. Recently we have had a record number of buyers pulling out of contract saying they aren’t going to close, 16% of all buyers in July backed out believing the houses they are buying are too expensive with the recent increase in their payment due to mortgage rates spiking. 

Couple that with big Real Estate Investment companies who were buying houses and renting them out for a profit like Blackstone and Home Partners of America stopping that almost entirely, and this has basically caused a big slow down in appreciation.

We Have:

Buyers walking out of escrow.

Less buying power because of rates.

Less buyers with big companies pulling out.

So what does that mean for the buyers who couldn’t get in the game – BOOM-

This is your opportunity!

First time buyers and home buyers in general have more opportunity for low down payment loans like FHA and VA and Home Possible etc.

What you need to have ready are three things:

1. A rock-solid preapproval from a lender that knows what they are doing
2. The ability to close FAST!  These sellers don’t want to waste their time right now and need someone that will close in under 30 days .
3. Understand the FRESH HOME LOAN HOME RUN BUYDOWN PROGRAM when you are writing offer because this will help you get the lowest payment.  Watch this video to learn more…. https://youtu.be/jGRKu8Uol8I

Garrick Werdmuller is President and CEO if Fresh Home Loan

Garrick Werdmuller

President CEO

Fresh Home Loan Inc

510.282.5456 call/text

www.FreshHomeLoan.com

NMLS 242952

All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and [products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Reverse is a dba of Fresh Home Loan Inc.  Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104

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