Lower Mortgage Rates Boost Your Buying Power
Some Highlights
- Mortgage rates are trending down and that’s great news for your bottom line.
- As rates drop , your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power.
- If you put your search on hold when mortgage rates were higher, think about how much you could save now that rates are coming down.
Seeing your house sit on the market without any bites is the ultimate frustration.
After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.
That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.
If you’re wondering if you should buy now or wait, here’s what you need to know.
Make it Inviting
You want your house to sell quickly and for top dollar. But pricing it too high can seriously jeopardize those goals. So, once your house is listed, watch out for these 4 signs that it's overpriced. And if any of these are happening to you, be sure to lean on your agent to course correct.
When it’s time to buy or sell a home, one of the most important decisions you’ll make is who you’ll work with as your agent.
Should you buy a home now or should you wait? That’s a question a lot of people have these days.
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it.
All parties will find a time to meet at the closing office (on the closing date agreed to in the contract or a change in date agreed upon by all parties) to sign all the closing documents. Typically, the sellers have signed their agreements and do not attend closing. I will be there representing you as my client. If you have obtained a lawyer, they will be there also in their office to close along with the title company "closer" who will go over all the documents with you, will get all signatures needed ¬tarize, then they will get the deed recorded and transferred with the county, supplying you with all copies.