Interest Rates

Lenders continue to offer low interest rates to home buyers. This past week I’ve seen rates remain below 5%. So the question I am asked most often is simply, “is this a good time to sell?”  Of course, the next question would be, “is this a good time to buy?” 

With the market trend in home values declining (though not as in other states) one would have to consider the condition of the sale and consider future appreciation of the new purchase. While you may not receive the dollar amount that you would have a few years back, you will not be spending proportionately that dollar amount on your new home either. The greatest benefit of course would be the very low interest rate thus affording the home buyers more house for their money.

 

Laura Lenze

Laura Lenze

Licensed Associate Real Estate Broker
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