How to Prepare for a Bidding War [INFOGRAPHIC]

With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers.

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need.

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down.

Whether you’ve considered becoming a homeowner for the first time or have decided to sell your home and buy one that better suits your current lifestyle, now is a great time to get together and discuss your options.