Beat the Date ~ April 18th, Save Your Client's Money!

With the increase in this fee, coming April 18th, what do you believe will happen to the market?

Will people still be buying homes, because it is spring market? Yes, I believe they will. They may now, qualify for less of a mortgage, but, they will still be buying homes. The Sellers may need to negotiate a bit more on their sales price, but, this increase in fees will not stop the market from having activity. Timing is everything. I am sure that they realized that the spring market would be the best time to introduce this increase. It's too bad that they are charging the first time buyers, more fees.

My advice would be to have your buyers aware of this change and let them decide if they want to beat the deadline date of April 18th. It could save them needed funds for their household budget.