01/25/2023
What is the number one asked question within the last six months? Is our market crashing? Will this be 2008 all over again? Should I wait listing or selling? So multiple questions based on the same fear. First, stop taking advice from the national news media. Though some markets are showing signs of decline, we have slowed but sales pricing is still strong. Those markets are not Williamson County. The fall of 2008 was due to some very loose banking regulations. This is not the case for 2023. Yes interest rates have increased and a buyer may not be able to qualify or comfortably make that monthly mortgage payment. We are far from historically high mortgage rates. I can provide many great loan officers willing to originate a loan today with a written promise to do a limited to no cost refinance at a later date. What does this mean? You find the home of your family's dream with less competition from competing buyers. Fall in love with the home and refinance when the rates drop “ love the home not the rate.” Here is a factual example of a Franklin home purchased in 2014 during the 2008 recovery "rates were not great” purchase price $499K (4 beds, 3.5 baths, 3,900 sqft home) now is worth $1,060,000.00 which is a 100% return in less than 10 years. Why do I give this as an example? Franklin is a bubble all to itself and this is your opportunity to purchase a home before stifled market demand returns. For the listing side, homes are selling if correctly priced, staged, and marketed. Give me a call and let’s talk about your future real estate needs.