A Realtor® represents YOU and your best interests as either the buyer or the seller of a home. It's sort of like being a parent or caregiver today - it's a lot of behind the scenes rewarding yet unrecognized work. My market relationships, resources, ability to streamline the process and the very important relationship that I have with YOU are only a few of the ways with which I add tremendous value for my clients. But, unlike parents or caregivers, Realtors do have a manual. It's in the form of schooling, a board exam and a class dedicated to a code of ethics with which we abide. We act honestly, fairly and ethically with YOUR best interests at the core. A real estate transaction is quite likely the biggest investment and equity builder of your lifetime. Your needs in a real estate transaction are what matter the most to me.
"The real estate transaction, after all, is highly complex and regulated, and this fundamental aspect isn't changing." It remains a great idea, now more than ever, to have proper real estate agent representation in any and all of your real estate transactions. "Agents are local market experts. They know what has worked for other buyers in your area and what sellers may be looking for. That advice can be game changing when you’re deciding what offer to bring to the table." 4 Tips to Making the Strongest Offer on a Home.
Source: CEO Christopher Masiello / Change and the Market 3/29/24 Source: Keeping Current Matters / Date as of 3/18/24 |
Waiting for rates to drop before exercising your purchase power will enter you into an even more competitive market. We are currently in a sellers market. This is due to demand being higher than the amount of available (inventory) homes currently listed for sale. What is the latest with mortgage rates?
"A history of mortgage rates: in the 1970's the average mortgage rate for the decade was 8.86%. 1980's it was 12.70%. 1990's it was 8.12%. 2000's it was 6.27%. 2010's it was 4.09%. The current average rate now is 6.80%" "30-year fixed mortgage rates tend to follow inflation with a lag. Fed target 2%. Peaked at 9.1% July 2022. We are currently at 3.2%."
More real time mortgage information from one of our many lenders with whom I have a relationship. I can, however, connect you with several of our local lenders so you can choose the best fit for your financial needs. It's important that you understand the options you have when it comes to financing a home.
Fun Fact Source: Shant Banosian 3/2024 Source: Keeping Current Matters / Date as of 3/26/24 |
In case you missed it: our company BHGRE The Shanahan Group outlined some important information pertaining to the changing landscape for Real Estate and the National Association of Realtors (NAR) Settlement. Bottom line: we are embracing change head-on! What the NAR Settlement Means to You highlights changes to expect in the coming months. "Change is inevitable. Growth is optional". I look forward to speaking with you about your real estate needs. Choosing to sell or buy a home takes time, thought and discussions with a real estate professional. Good news, I enjoy people and the real estate industry so, naturally, connecting with you about it is something I look forward to.
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If you are looking to buy, sell or talk about real estate, I can help with that. Let's connect. |
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