07/31/2024
Dana and Austin bought a house! We helped them negotiate $15k off the list price and another $11k credit towards repairs.
We had 4 “move up” buyer couples last month who decided it was time to move despite having record low interest rates on their current homes. Sometimes called the “golden handcuff” these extremely low mortgages have caused sellers to pause their next move in the hopes that interest rates would come down.
But as we are seeing play out with our own clients and in the market, these particular buyers have decided that the right time to move is when it is right for them and they aren’t waiting any longer.
This year the interest rates have not gone down as experts had predicted.
Major life milestones and changing housing needs at some point can’t wait.
Also some buyers see that as soon as rates go down there will be that much more competition and prices will go up.
Wondering how you can make a move when you currently have a property? There are many options. DM us if you’d like to know how to sell/buy at the same time or buy/rent your current property.