Answering the most common questions that buyers and sellers have.
With everything that's going on with the housing market right now, it's a lot to keep track of. If you're thinking of buying or selling, you probably feel like you've got your hands full. That's where I can help. I keep a pulse on the latest trends, and I’ll explain what exactly is going on. I've gathered the most common questions I receive from my clients. Here are some of them, along with my straight-to-the-point answers:
1. What is happening with interest rates? Rates have risen dramatically this year in response to higher inflation.
2. Where are home prices heading? Prices are moderating as the market cools, but that doesn't mean they're crashing. It's still a very good market.
3. Should I buy a home now, or should I wait? This depends on your situation, and an expert can help you explore your options and decide what's best for you.
If you're thinking of making a move, you probably have some questions. Let's connect so you can feel confident with your real estate decision and you can learn about your options to buy down your interest rates. If you go this route, you're not buying the interest rate; you're renting the interest rate, and you're buying the house. We now have a softer market with a better price. Also, rents are going up because people realize that it's more expensive to buy. If you buy a home now, you can build your own equity instead of your landlord’s.
So is it a good time to sell? To answer that, we have to look at where you are located and your micro-market. Are you in the city of Boulder, or are you up in the mountains? All these things come into play in terms of seasonality.
Lastly, we need to look at what your different options are. It's good to be prepared whether you're looking to buy now or in the future. I can give you some insight in terms of exactly what's happening, so you can have the information and make a good decision.
There are some solutions out there to moderate some of the increasing inflation and interest rates. If you're looking to buy or sell, call or email us. We’d love to hear from you!