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.
While we completely understand selling during COVID may feel like a big undertaking and you may be nervous about people coming and going from your home, we would like to ease some of your concerns. We realize buyers may be concerned about entering homes and the precautions that need to be taken. We take the health and wellbeing of our clients seriously, and although navigating COVID has posed challenges for many of us, we have found ways to successfully assist our clients in making their move.
We discuss with our sellers their health concerns and implement safety precautions as we want you to be comfortable with buyers entering your home. To minimize the transfer of germs we recommend a seller to have all the lights on, if possible, so there is no need for agents or buyers to touch your switches.
We have successfully implemented the use of technology for many years and have increased virtual showings and the usage of electronic signing throughout this pandemic. Photos are available on several real estate websites and videos of our listings can be found on our Facebook page (www.Facebook.com/SEMNrealestate). We are more than happy to conduct a Virtual Showing (real time or recorded) for you, as virtual showings have been an important tool.
We of course conduct in person showings, implementing the safety guidelines and maintaining social distancing guidelines. Most importantly before bringing buyers into your home we have asked them questions related to possible exposure to COVID-19. We have a supply of masks, gloves, and hand sanitizer in our vehicles for client use.
We feel it is important to take precautions and be practical during this time in respect of our clients and our own families. If you have been thinking of making a move, we welcome the opportunity to visit with you about your concerns and assist you in making your move happen!