Spooky Savings on Your Home Email

That Marketing Blueprint: October

H.O.M.E.S. Marketing: Email

Spooky Savings on Your Dream Home

Buying a dream home is a huge investment, but it doesn’t have to be scary. With home prices remaining high and interest rates increasing, it’s important to find ways to save money. Let’s talk about a few ways you can save on your dream home without sacrificing the features you want.

  1. Use Rate Buy downs

One effective way to save money on your dream home is to use a rate buy down. This involves paying an upfront fee to reduce your interest rate for the first few years of your mortgage. For example, you might pay an extra 1% of the loan amount to reduce your interest rate by 0.25% for the first two years of your mortgage.

With the market balancing and buyers having a little more negotiating power, consider asking for a seller credit at closing to help pay for your rate buy down. This keeps more money in your pocket while helping reduce your interest rate.

  1. Shop Around for Homeowners Insurance

Another way to save money on your dream home is to shop around for homeowners insurance. Rates can vary widely between providers, so it’s important to get quotes from several companies before making a decision. Look for policies that provide the coverage you need at a price you can afford.

You may also be able to save money by bundling your homeowners insurance with other types of insurance, such as auto or life insurance. Some companies offer discounts for customers who have multiple policies with them.

  1. Consider a Fixer-Upper

If you’re willing to put in a little sweat equity, buying a fixer-upper can be a great way to save money on your dream home. These properties are often priced lower than move-in ready homes, and you can customize them to your exact specifications over time, building it into your dream home.

Of course, buying a fixer-upper comes with its own set of challenges. You’ll need to have a clear vision of what you want to accomplish and be willing to put in the time and effort to make it happen. It’s also important to have a thorough home inspection before making an offer, so you know what you’re getting into.

Regardless of the market, there are always ways to find your dream home at a price you can afford. Remember to work with a reputable lender and real estate agent who can help guide you through the process and ensure a successful outcome. If you ready to start the conversation, give me a call! I’d love to help find you your dream home!