What Are You Waiting For?

By
Real Estate Agent with Keller Williams Realty - Topsfield, MA 92593-B

We've all heard the phrase "He who hesitates is lost", right? Certainly, the inability of making a decision affects the lives of many people. I know that I tend to over-analyze or procrastinate, which has burned me on many occasions. BUT one area I have not 'hesitated' was when we rented or bought our home. 

Waiting in Real Estate can be very costly. That's why it is important to have all your ducks in a row before you enter the active market. With inventory being at record lows and interest rates still near record lows leaves little space for contemplation or hesitancy. Do Not lose that property you're looking at because you took too long to make a decision to act.

The folks at KCM have put together a nice infographic regarding interest rates.

Happy house hunting...

            The Cost Of Waiting: Interest Rates Edition

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2020.
  • The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!
Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Peter Mohylsky 07/20/2019 07:58 AM
Topic:
Real Estate General Information
Location:
Massachusetts
Groups:
FOR SALE BY OWNER - MARKETING(FSBO)
Boston Real Estate
New Hampshire - Real Estate and Life in The Granite State!
MA REALTORS
Boston Area Real Estate
Tags:
interest rates
seller
buyer
home buying
cost
decisions
procrastination

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Rainmaker
3,167,232
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Doug,  I can remember paying 16.5% for interest in 1981 buying a home.  Now it the time to buy at these rates.

 

Jul 19, 2019 09:45 AM #1
Rainmaker
4,992,092
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Buyers and buyer agents would have a much easier time if listing agents would use "coming soon" and showings begin at the open house event....that works beautifully for both the buyer and listing aents and the buyers love the time to do their due diligence....

Jul 19, 2019 11:33 AM #2
Rainmaker
768,416
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Will Hamm 

I remember those days well. Buyers have been spoiled by these low rates.

 

Jul 20, 2019 08:34 AM #3
Rainmaker
768,416
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Barbara Todaro 

I agree with you on those points.

BTW I registered with Real Bird and went with the PRO version based on your assessment of them.

Jul 20, 2019 08:36 AM #4
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Rainmaker
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Doug Dawes

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