Dear Clients, Family & Friends,
We are in the midst of run-away inflation. The Fed is determined to slow it down by steadily increasing interest rates. Higher rates will lower the amount of a mortgage loan a buyer will be able to borrow. This may not lower demand but increase bidding wars on lower priced homes. My experience from the past shows that it will take several months or even a year for sellers to begin to lower their list price significantly.
This is a time that a homeowner thinking of selling needs a seasoned, professional Realtor more than ever. A homeowner needs to have a Realtor that has a feel for the pulse of the new competitive real estate market
Buying a house in the post-pandemic era can be quite tricky. There are several reasons to buy a home even with rising interest rates. Once again, having an incredible Realtor on your side is essential. Dani and I care about those whose best interest we serve. Our clients have fared well during hard times and flourished during good times. We never lie to our clients and will always look out to for our client's financial future. If we know it, our clients will learn it. We are driven by our clients satisfaction and not our pocketbook.
Let's discuss your specific situation and help you determine whether buying a new home or making a 1031 Exchange makes sense at this time. We can also discuss keeping your current property tax rate when selling and buying another house. There are other factors such as taking advantage of up to $250,000 for an individual or $500,000 for a couple.
Contact Tony & Dani Lewis to see homes in the Santa Clarita Valley & Los Angeles County at 661-510-7975
Contact Paul & Tracy Dinkel to see homes in Orange County Our partners specialize in the Beach Communities 661-510-3042
Summit Real Estate Group has an office in Valencia, California serving Los Angeles County and the Santa Clarita Valley and an office in Aliso Viejo serving Orange County and the Beach communities. Call, Text or Email us with all of your real estate questions or concerns. We care about you!