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Archives

If You’re a Buyer, Is Offering Asking Price Enough?

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September 27, 2021 - General Information
In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they [...] Read More
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Monica Foster September 27, 2021

Two Reasons Why Waiting a Year To Buy Could Cost You

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September 23, 2021 - General Information
If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a [...] Read More
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Monica Foster September 23, 2021

Is a 20% Down Payment Really Necessary To Purchase a Home?

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September 22, 2021 - General Information
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a [...] Read More
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Monica Foster September 22, 2021

Is the Number of Homes for Sale Finally Growing?

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September 16, 2021 - General Information
An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two [...] Read More
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Monica Foster September 16, 2021

5 Tips for Making Your Best Offer

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September 15, 2021 - General Information
In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, [...] Read More
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Monica Foster September 15, 2021

Fact or Fiction: Homebuyer Edition

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September 10, 2021 - General Information
Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and [...] Read More
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Monica Foster September 10, 2021

What You Can Do Right Now To Prepare for Homeownership

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September 1, 2021 - General Information
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in [...] Read More
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Monica Foster September 1, 2021

The Difference in Net Worth Between Homeowners and Renters Is Widening

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August 30, 2021 - General Information
Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial [...] Read More
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Monica Foster August 30, 2021

If Housing Affordability Is About the Money, Don’t Forget This.

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August 26, 2021 - General Information
There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a [...] Read More
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Monica Foster August 26, 2021

What Do Experts Say About Today’s Mortgage Rates?

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August 23, 2021 - General Information
Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more [...] Read More
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Monica Foster August 23, 2021
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Monica M. Foster

Monica M. Foster
The Monica Foster Team

Houston – Clear Lake – League City
Pasadena – Baytown – Beaumont
Galveston – Pearland – Sugarland
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