Guiding You Home
• January 2021 Issue •

Hi Friends,

As you begin to make plans and arrangements for 2021, you may be thinking about buying a home and ways you can prepare your finances. We're optimistic about what the new year has in store, and we wanted to give you some information and resources that may help you plan to become a homeowner in the coming months.

 Below are the topics we're covering in this month's newsletter:
  • 2021 is a Great Year to Buy a Home
  • Steps to Take Now in Preparation of Buying a Home in 2021
  • Exploring Mortgage Options
  • Tips to Find the Right Home
If you or anyone you know ever have questions about buying, selling, renting, or investing in real estate, please don't hesitate to reach out to your friends at MHN Property Management. We'd be honored to earn your endorsement and will treat anyone you send our way like family.

Darren Graichen
Business Development Manager
Courtney Rosen
Senior Vice President 
Contact Darren
Contact Courtney
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2021 is a Great Year to Buy a Home

Fannie Mae recently released their predictions for the 2021 real estate market. In their forecast, they predict a 2.8% rise in total home sales in 2021 and a 4.1% rise in the median existing-home price. The high probabilities of a successful COVID-19 vaccine distribution and additional federal stimulus weighed heavily on the projected numbers for 2021. It's expected for housing to remain strong, as homebuilders catch up on current commitments and more existing homeowners list their homes to take advantage of strong price growth. Interest rates are also predicted to stay low for the first few months of 2021, but they may increase slightly come the spring. For more insights on the 2021 real estate market from Fannie Mae, click here

Steps to Take Now in Preparation
of Buying a Home in 2021

If you're thinking about buying a home in the coming months, there are some steps you can take now to help you get prepared.
  1. Start saving - When saving for a home, you'll want to make sure that you have enough to cover the downpayment, closing costs, inspection fees, and moving costs. We always recommend having more saved than you expect to use for any unexpected costs that may arise. 
  2. Decide how much you can afford and how much you're willing to spend - It's likely that you may qualify for a loan that is more than you expect to spend on a home. Take a hard look at your expenses, lifestyle, and career to decide what the minimum and maximum prices are that you would feel comfortable paying for a home.
  3. Improve your credit score - Take a look at your credit report and dispute any errors that you see, pay your utility bills, keep credit card balances low, and keep credit cards open.
For more information on buying a home, be sure to check out the MHN Home Buyer Program.

Exploring Mortgage Options

There are a variety of mortgage options available to you, and if you're a first-time homebuyer, there are assistance programs to help you cover the upfront costs. The main categories of the mortgage options out there include:
  • Conventional mortgages - not guaranteed by the government.
  • FHA loans - insured by the Federal Housing Administration.
  • USDA loans - guaranteed by the U.S. Department of Agriculture and are for rural home buyers.
  • VA loans - guaranteed by the Department of Veterans Affairs and are for current and veteran military service members.
For more information on home mortgages, first-time homebuyer programs, and other tips on how to prepare for buying a home, click here

Tips to Find the Right Home

Before purchasing a home, consider these key items:
  • Buy for the long haul - Can you see yourself living in the home and neighborhood for the next five to seven years?
  • Identify room to grow/adapt - Just as 2020 has shown us, you may find that your home needs to be used in new ways. Do you have space for that? 
  • Take an investment perspective - Think about the future resale value and factors that may add to or detract from the home’s appreciation over time.
  • Location -Consider a home’s location in relation to how you’ll live.
For more tips to help you find the right home, reach out to and

Kind Words From Past Clients

"MHN PROPERTY MANAGEMENT has been the most professional, caring, and on-time property management company over the last three years. The tenant service is A-1 RATED. All repairs and repair personnel are on-time and very good at keeping you informed as a tenant. All repair personnel are very knowledgeable and very attentive and detail-oriented, My family and I just renewed our contract with MHN for a 4th year, because of their great customer service for their tenants. THANKS FOR ALL YOU DO TO MAKE FAMILY LIFE EASY."
- Rhimmington via Google

"Our new home is cozy and comfortable and we feel right at home here. Sometimes you just feel a certain kinship with a house, and this is it for us."
- Monica via Google

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Thinking about making a move, renting a new home, or want to learn about what it takes to invest in the San Antonio real estate market? Reach out to us anytime!
Darren Graichen
Business Development Manager
Contact Darren
Courtney Rosen
Senior Vice President 
Contact Courtney
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
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