Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market?
If you are either a buyer or seller (or both), you need to know what it will mean to your family if you go ahead with the move. You need to understand three things:
1. What is happening in the housing market right now?
Consumers must get past those fear-mongering headlines and gain a deep understanding of what is truly happening. How strong is buyer demand right now? How much competition do listings have today compared to what they will have in the spring? People want to make an educated decision on what is probably their family’s greatest financial asset.
2. Why is it happening?
Understanding the individual pieces that impact the sale or purchase of real estate is important. Understanding how those pieces impact each other is critical. How does the amount of a down payment impact the mortgage rate a buyer will be offered? Can you still price your house a ‘little ahead’ of the market and still be sure it will sell?
3. How do the first two affect your local market?
Basically, you want an understanding of the overall housing market and a simple and effective explanation of how it will impact your personal real estate goals.
The best way to get all three is to work with a professional who understands this shifting real estate market and can expertly guide you on the journey to reach your housing goals. Let’s get together to discuss what today’s market means for you.
……If you are thinking about buying a home, find out what all of your options are by meeting with a local real estate professional who can evaluate your needs and help you with next steps!
Each neighborhood is different so you need someone you can count on for up-to-date information. I am eager to serve you with your home purchase in the DMV.
To reach us, call 240-801-5471 or send us an email at email@example.com.
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Thinking of selling your home?
Put Patrick to work for you. When it’s time to move, you need someone who will market your home, show it to prospective buyers, negotiate the purchase contract, arrange financing, oversee the inspections, handle all necessary paperwork and supervise the closing. We can take care of everything you need, from start to finish.
Call or text 240-801-5471 for more information.