Weekly Market Update 11/6/20

Wow, we are already through the first week of November! This week has been interesting for so many reasons. With the election, there were and still are quite a few unknowns but as things change, we will keep our clients informed as best we can! One major thing that has changed in recent weeks is the Fannie Mae guidelines for people who are self-employed. These new guidelines are proving to affect qualifications for those who are buying or refinancing a home.

When it comes to purchasing homes or investment properties in this market, it is crucial to talk to your lender and understand what steps need to be taken in order to get financed. Your credit score is CRUCIAL! Understanding your finances will help decipher whether or not it is a good time to buy and will help you see what steps are needed in the next year or two to get where you want to be to financially to be able to purchase a home or investment property.

Our team is working hard on processing applications and ensuring each of our clients are taken care of. Our processes are in place and our structure is on point. Capstone Realty is the team to call for all of your property management services, and buying and selling needs!