Warwick Homes for Sale | Low Interest Rates Have a High Impact on Your Purchasing Power
Selling a home is a daunting task for any homeowner. It involves an astute pricing strategy to position your house adequately and compete with the current market. Then the marketing process takes over to bring in the attention of all qualified buyers out there.
This is the part where most seller fail to recognize the importance of “great or mediocre” marketing. You are competing for the attention of all the buyers and they have lots of distractions that keep them away from your house…our marketing helps us connect with them at a deeper level.
It’s no surprise that homes sold by real estate agents sell faster, more easily, and for more money, because they are better prepared and they know the steps they must take at any given time to sell the house.
This is the reason why Realtors have access to knowledge and resources that the average homeowner does not, and statistically, a real estate agent will get a better price for a house than someone selling on their own.
Today, I would like to direct you to this point: Low Interest Rates Have a High Impact on Your Purchasing Power
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.
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???Thinking of selling your home? Let Diane take over the marketing of your property
www.rocklandnyhomes.com - Call or text 845-709-4758 for more information.