Have you been dreaming of Briarwood homes for sale, but do you have reservations about the costs of purchasing real estate right now? The year 2020 has left many people in financial turmoil, so we understand your concerns.
It’s currently a buyer’s market in Briarwood, so it is a great time to investigate real estate listings. There is plenty of inventory to go around, but we all know that in the fast-paced real estate world, conditions could change at any moment.
If finances are a concern, rest assured that there are plenty of ways to keep costs down when you are buying a home in Briarwood. Here are three of our favorite money-saving tips that we like to share with our clients who are on the lookout for Briarwood homes for sale.
Tip #1: Work with a local real estate agent.
At Briarwood Realty, we want the chance to help you find your home in this great neighborhood. Even if you decide to build your real estate relationship with another company, make sure that the company is local like us. A local agency will have their fingers on the pulse of the neighborhood’s dynamic real estate market, and their advice might put dollars in your pocket.
Tip #2: Buy in the winter months.
While it’s not a perfect science, winter tends to be a slow period in real estate. Things ramp up in the spring with more buyers and more competition. If Briarwood homes for sale are on your mind, you might want to act soon to save some cash.
Tip #3: Start your search with at least a 20% down payment saved.
If you don’t have this magic number ready to spend on a home, you’ll end up paying for private mortgage insurance, or PMI. PMI costs up to 1% of the loan amount each year. Do you see how planning ahead for a down payment can save your hard-earned money?
Even though it’s winter, Briarwood homes for sale are coming out of hibernation. Get in touch with Briarwood Realty today to learn more about current listings!
Contact us today at (718) 380-5000 or email us here.