1.99% Interest Rate locked and closed on! Unbelievable. If you would have told me 5 years ago that we would see this in housing interest rates I would've seriously asked what planet you
Interesting market with Incredible Interest Rates!
Dated: August 11 2020
1.99% Interest Rate locked and closed on! Unbelievable. If you would have told me 5 years ago that we would see this in housing interest rates I would've seriously asked what planet you were living on. These latest rate drops have buyers coming out of the woodwork and sellers wondering what their best next move is if they're on the fence. I wanted to share a bit of advice depending on what side you're on.
The current interest rates as of this month look like this for 30 year and 15 year.
2's and 3's!! What does that mean for you as a buyer? It means that you can buy more home for less money monthly. So that means what $1000 a month use to buy 5 years ago can buy more today! More home, more yard, better finishes, better monthly payments with better interest rates!
So what if you are on the selling side considering entering the market? This could not be a better time for you to get top dollar. The below pictures are of the available inventory over the last 2 years and it is HALF of what it usually and sellers are getting more in top dollar sold prices then ever before!
At the end of the day, some can say that realtors aren't worth the commission but I'm here to tell you after more then 200 transactions in almost 6 years, understanding the market, how to penetrate this difficult, digital market, the language of legal paperwork, the positioning for negotations, the connection and experience for the correct vendors in lending and title work make it almost priceless when you can be overypaying by thousands or leaving thousands on the table.
My name is Kiwi Bautista and I run the Hub City Property Group where we are committed to servicing Acadiana with five star service. Whether your goal is to buy, sell or invest we have the tools needed to accomplish your goals swiftly and for the best advantages the situation has to offer. Give us a call today for a brief conversation about your needs and goals!
The Hub City Property Group is equipped with the latest technology and over 5 years of experience in transactional real estate to help you achieve your goals with the highest possible results. Whethe....