“Love our interest rate, but this house doesn't fit our needs anymore.”
Hello My friends,
Does this quote apply to you? If so, you’re not alone. Many people want to move but feel locked-in by their low mortgage rate. It’s difficult to time exactly when things will really shift, but as I explain in this month’s flyer, there can be a price to pay when you put off your decision to buy or sell.
I’m also sharing with you some easy ways to enhance your home’s interior and exterior. Not only does a tidy home increase its overall value, but it also helps to reduce stress, leaves you less overwhelmed and can improve relationships with family and neighbors.
It can be fun to look at your home with a fresh eye and do some sprucing-up projects yourself. But if you need the name of a qualified professional for any type of work outside of your wheelhouse, let me know and I’ll connect you to one.
Happy Spring!
Josh Vigil
Oh, by the way… if you know of someone thinking of buying or selling a home who would appreciate the level of service I provide, please call me with their name and contact information.
Many people worry about finding their next home, or the rates remaining high. But there’s a price to waiting. This might be the best time to get top dollar for your home.
The Price Sellers Pay for Waiting
More competition — a projected 13% increase in sellers in 2024.
More competition from new construction — new home sales are projected to keep rising.
More risk for expensive repairs that can wipe out savings.
The Price Buyers Pay for Waiting
40% of potential buyers said they won’t wait for rates to drop — that’s more competition for the home you want.
Average renters pay 32% of their income towards rent — all while losing out on building equity.
Median home price is expected to rise in 2024.
Good news!
As rates continue to normalize, and more new homes are being built, buyers and sellers will be on the move. But don’t try to time the market. Get your house in order (actual or financial) to get ahead of the crowd.
Impact of waiting for lower rates
Buy Now
$400,000 price
7% rate
$80,000 down payment
$2,129 /mo mortgage
Buy Later
$420,000 price
6% rate
$84,000 down payment
$2,014 /mo mortgage
74% of people say owning a home is the most important factor in achieving the American Dream.
Taking Care of Our Most Valuable Asset
A pristine house (and yard) helps it sell for more money. It also helps reduce stress, overwhelm and even neighborly disputes.
Boost your curb appeal
Tidy your landscaping (lawn, hedges, trees, etc.)
Pressure wash the exterior
Maintain lighting, windows, shutters, doors and trim
Don’t forget the inside
Fix the squeaky doors, broken cabinet handles, etc.
Do a deep clean
Check and clean HVAC systems
94% say it’s important to have neighbors who maintain their curb appeal.
If you or someone you know is considering a move, feel free to contact me with any questions. I’m here to offer clear, concise information you can trust. I also belong to a network of top real estate professionals, and I can connect you to one wherever you’re looking to go.
Please feel free to share with anyone you know who can benefit from this! Have a great weekend! 🏡👨👩👧👦😊
Realtor Joshua Vigil
DRE# 01989117
The Hier Advantage Real Estate Sales & Service
