Good News for Buyers & Sellers

Good News for Sellers: With interest rates on the decline, more buyers will qualify for mortgages. More buyers mean a faster sale. We all know that when it is time to move, every seller wants to get going now, not 3 or 4 months from now. Sellers will continue to enjoy strong sale prices providing more equity to make the move up to your next home. 

Good News for Buyers: Despite the rising prices, home affordability may actually improve. Lower interest rates mean lower monthly payments and, truth be told for all of us, price is only a component for reference. Affordable monthly payments are really what concerns every buyer. If your payment is more affordable, you are more comfortable and have more money left over at the end of each and every month. Selling price can actually become somewhat of a moot point.

Also Good News for Buyers: Another rarely mentioned component of lower interest rates is that your mortgage balance goes down faster in the early years. Building equity faster is important to all of us regardless of whether you are talking about a near term move up or a retirement decision. We can all win when interest rates are low.

Whether you are a buyer or a seller, I would like to help make your next move is Good News!!