2024, The Year of New Homeowners

Erica Garvin — Sat, 20 Jan 2024 16:26:20 +0000

Homeownership is rising in 2024 as the announcement of decreasing interest rates this year has made owning your own home even more attractive. If you have been considering purchasing a home, 2024 is the right time to do it.

Reasons To Consider Buying A Home:

One key benefit is the opportunity to build equity over time as you pay down your mortgage. This equity can be a valuable asset and can be accessed through home equity loans or lines of credit. Owning a home provides stability and a sense of security. You have control over your living space and don’t have to worry about landlords changing rental terms, offering a more stable and secure living arrangement. Owning a home can also be a part of a long-term financial plan. As you pay off your mortgage, your housing costs decrease, offering financial security, especially in retirement.

Homeownership also allows you to personalize your space according to your preferences. You have the freedom to make home improvements and renovations, creating a living environment that suits your lifestyle. With a fixed-rate mortgage, your monthly payments remain stable over the life of the loan. This predictability can make budgeting and financial planning easier, providing peace of mind. Homeownership often fosters a sense of community. You become part of a neighborhood, and the connections formed with neighbors can contribute to a strong sense of belonging.

Your Home Buying Journey

Interview and enlist the help of a licensed realtor. Your realtor will have direct access to mortgage lenders and other vendors needed to make your home-buying journey seamless.

Contact A Realtor

Apply for your home loan with a mortgage lender. This pivotal step opens the door to insightful conversations about options, monthly payments, considerations for the down payment, and understanding the necessary closing cost requirements. A tailored game plan will be made to strategically navigate your home-buying journey.

Find your perfect home with the help of your savvy real estate agent. She/he will help you navigate inspections, surveys, and/or appraisals. They will also assist in coordinating things between the title company, lender, and the listing parties.

Prior to closing on your home, your realtor will help coordinate utilities and other pre-closing needs. Once you close you will be handed the keys to your brand new home!

Download Our Free Home Buying Magazine

2024 Housing Market Predictions

2024 may be a better year to purchase a home—at least for some. While home prices will likely remain elevated—and even increase in some markets—industry experts expect prices in certain areas of the country to soften. Economists are also optimistic that the Federal Reserve is done with its rate-hiking campaign to lower inflation.
Rothstein et. al, Forbes, 01/18/2024.

Read The Full Forbes Article

If you are considering purchasing a home in 2024, be sure to analyze your financial situation to ensure that the pros outweigh the cons. The housing market outlook was once bleak, but better days are on the horizon.

Erica Garvin

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New real estate agent? Join our Facebook group

Erica Garvin — Mon, 25 Dec 2023 18:59:46 +0000

Our newest Facebook group is designed to help our newest real estate agents crush it in their first year! The group was founded when our CEO, Erica Garvin, met with a group of real estate agents and came up with the 7 pillars to run a successful real estate business.

Join Tulsa New Real Estate Agents Group

Pillar 1: Branding

Creating your own unique identity that conveys what your business is about is so important. A strong brand builds trust and credibility and becomes recognizable in any market.

Pillar 2: Entrepreneur

This pillar caters to the agent by focusing on the well-being of mind, body, and business. It is no secret that many agents fail due to a lack of knowledge on how to run and operate a successful business

Pillar 3: Customer Service

Many agents believe that we are in the business of helping buyers and sellers find or sell their homes. Instead, agents should approach their business from a customer service point of view. This mind shift opens up creative ways that an agent can improve the customer experience

Pillar 4: Lead Generation

Many agents have trouble not only obtaining organic leads but also knowing what to do once they have them. Here we discuss all forms of lead generation including how to warm up a cold lead.

Pillar 5: Expansion

A valuable trait in a successful real estate agent is their ability to create actions that will lead to their business growth regardless of their current situation. I have seen agents with 2 clients one year, but through consistency grow to 20+ clients the next.

Pillar 6: Automation

Another word for automation is systems. Having systems in place will ensure that no clients fall through the cracks and make the process from start to finish seamless. It will also help you as an agent become savvy, organized, and on track to hitting your goals no matter the market you are in.

Pillar 7: Relationships

Fostering and maintaining relationships is a great way for you to be the go-to realtor in your market. Being intentional and precise in your day-to-day can be proven beneficial in being known as “that realtor.” In a good way.