Don’t Wait! Move Up To The House You Always Wanted

Waiting can cost the buyer and the seller………….

Dream-Home

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. In most areas, prices are still below those of a few years ago. Also, interest rates are still below or near 4%.

However, sellers should realize that waiting to make the move while mortgage rates are projected to increase doesn’t make sense.  It will cost you more AND harm the sale of your current home.  As rates increase, the home you can afford to buy for the same payment will decrease.  This affects you – and your potential buyers! Take your home – once upon a time that a buyer could afford it, all of a sudden it’s out of their reach.  Here is a chart detailing this point:

buyers purchasing power

  •  At 3.75% rate you can buy $400,000  payment ~ $1852

  • At 4.0% rate you can buy $390,000  payment ~ $1862

  • At 4.25% rate you can buy $380,000 payment ~ $1869

A final note:  Don’t miss out!  Remember your buyer will miss out too!

For more information or for a free market analysis email marceta@propertyprosgroup.com or call 712-541-5118.

See the latest listings by sale price and find your dream home.  

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