Lending Advice for Home Buyers in Lafayette

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Today I want to speak about the lending process and some of the best practices that you should be aware of when you work with them.

One of the most important things that you can do is to keep all lines of communication open with your agent and the lender. This will speed up the time of your transaction and make it much less stressful. The quicker you can get documents to your lender, the quicker you can close the transaction.

At a minimum, we speak with our lenders at least once per week, and sometimes we contact them two or more times. We think the determination between a bad lender and a good lender is the way they communicate with us and our clients.

If you would like to hear about some of our preferred lenders, please don't hesitate to contact us. We look forward to speaking with you!

Our Market is Looking Pretty Great

Selling your Lafayette home? Click here for a free Home Value Report

Buying a home? Search all Homes for Sale

We have been seeing some great signs in the Lafayette real estate market lately. Today we are going to run through the statistics for July and give you an update on those.

July's market statistics look really good. We have seen a 7.5% increase in units, a 13.5% increase in dollar volume, and a huge increase in new construction.

Another thing that's on the rise is our average sale price. It has gone up 5.5% and now sits at $268,500. Overall, our listing inventory is up 5% and new construction is down a little bit.

Right now, we are looking at a 4.5 month supply of inventory on homes listed under a million. The most activity in our market, however, is seen in the $150,000- $300,000 price range, where there is about 3-4 months of inventory.

Interest rates are still doing fantastic. A 30-year fixed rate can be had for 4% and 15-year fixed loans are even lower at about 3.375%.

Overall, the market looks really strong and there is a lot of movement. If you have any questions for us, we would love for you to give us a call or send us an email. We would be happy to help out!

How we helped Amber by always going above and beyond

"We had great results. Robin helped in every way she could and now we have a beautiful new home."

-Amber Morrow, Home Buyer

How we helped Allen by making the process easy for him

"It was very easy, and very quick. Robbie knew what I wanted and made it nice and simple for me. He made everything fit for what I needed. He was always able to go out and look at houses or if I needed anything outside of that, he was right there and able to take care of it for me. "

-Allen Green, Home Buyer

How we helped Blaise by providing a consistent level of excellence

"We had 14 showings in less than a week and three offers! I’ve used Robbie Breaux & Team a couple times and I’ve referred them a couple times so I’ve come to expect his level of excellence. But one thing he did in closing was point out that his commission on my house was too high.  That was over and above when it came to honesty."

-Blaise Gregory, Home Seller