Do you want or need to move but you are struggling with the prices in today’s market? We understand there may be a bit of sticker shock for some, especially if you are comparing to certain years in the past. The real estate market is ever changing.
If you have sticker shock, we want to remind you of the historically low interest rates. If you currently own a home, buying a move up home can still be within your budget because of the low rates. Before you fixate on the asking price, look at the monthly payment. How does the payment with the low interest rate compare to the payment you have now?
For example...
Purchase Price
$100,000
$150,000
Mortgage Years
30
Interest Rate
5.5%
2.5%
Monthly Principle & Interest
$567.78
$592.86
Give us a call today to schedule a free buyers consultation, virtually or in person!
Roxanne & Kelsey
RE/MAX Select Properties
507-458-6110
roxannejohnson@remax.net
These calculations were made using a mortgage calculator on SEMNrealestate.com, the information is not guaranteed, specific individual situations and lenders will vary.
We may wish we had a crystal ball to tell the future when making one of the most important financial decisions in our lifetime. Making real estate decisions can be much easier when you have our experience with the market to guide you through the steps of buying and selling.
You probably have a few “what if” scenarios running through your mind which can be stressful. With over 25 years as a Real Estate Broker, I have developed a step-by-step guide to buying and selling with RE/MAX Select Properties. This guide is here to help you and answer your “what if’s”.
Our first step is to meet with you so we can listen and learn how we can best assist you with your move. This will allow us to make recommendations personalized to you. While we follow industry procedures for our clients, we go a step above to ensure each situation is a personalized to you. We can recommend local professionals to assist with home inspections, lending, and closing on your new property.
When planning your move, we will take into consideration your current living situation; are you renting? Do you need to sell to buy? Are you comfortable owning two homes?
Buying and Selling at the same time leads to many more good questions.
The answer to both questions is to use a “contingency” that protects you. The appropriate wording and legal forms need to be included as part of the purchase agreement to safeguard you from owning two homes at once or ending up without a home at all. This “contingency” is essentially a safety net that will spell out the terms of the contingency. It may seem complicated to you, but we have successfully assisted hundreds of clients make their move pulling it all together to meet your needs and manage risk.
We understand the concerns and are here to guide you as your local Realtors. Simply reach out via phone or email to set up an appointment for a free consultation with us that fits your schedule. Whether you are buying or selling we are here to guide you and provide you with resources along the way when making a move.
Do not let fear of the unknown stop you from the opportunity to love where you live or make a change that opens a new chapter for you. We may not have a crystal ball, but we have something more valuable, it’s Experience You Can Count On!
Roxanne Johnson, Broker, ABR, CRS, GRI
Kelsey Bergey, Realtor