SHIFTING HOUSING MARKET

Do not panic! This a shifting housing market and that is a very good thing. However the shift is causing a lot of confusion and uncertainty. Sellers benefit from this historic rise in their home values and many buyers will finally be able to take the time to make an informed decision rather than rushing into paying over listing price. Since June 2022 with the initial spike in the interest rate, the this has hampered the demand to purchase a home for many home-buyers. Many fell scared and disappointed and fell out of the race to purchase a home. Do not panic! So many dynamics put a twist on home buyer-and sellers to make sales transactions.

This has created a toxic atmosphere of FOMO, which is known as fear of missing out. Many motivated buyers are rushing to purchase before the rates go even higher that will price them out of the market, on the other hand sellers are listing their homes in fear of rake hike will affect the timely sale of their home. As the interest rate goes up so does your monthly mortgage payment. There is definitely a lot of pressure to make a financial decision of importance. If you are serious, get off the fence and seek more professional advice. You have many sellers and buyers that are confused and not fully educated and unsure on what to do.  

One thing that can put buyers at ease is to show them the historical trend of interest rates on a 30 year fixed mortgage. So basically, it will cost you more to wait and even rentals have sky rocketed. The housing marking shifting is a good thing, however causing a lot of confusion. Sellers still benefit from historic home values and buyers will finally be able to shop to buy a fleet of homes coming back on the housing market without a bidding war. If you are interested in one of my free e-books click here https://kevinstrawter.book.live/buyer-book

Click link to see more about buying versus renting /BUYING-VERSUS-RENTING---32819---32836---Dr-Phillips-6-18852.html

LENDERS

Many lenders are being creative and competing with others and operating within the lending guidelines for potential buyers for their business. With higher interest rates on the horizon I don't see any reason to hold off. This decision will put you in the driver seat and financially secure monthly principle and interest payment. Of course taxes and homeowners insurance will slightly increase. Even small increases in your interest rates can impact your monthly mortgage payment purchase power. Click link to educate you on the cost of waiting /THE-COST-OF-WAITING---32819---32836---Orlando-Florida-6-22532.html

TRUSTED ADVISOR

Seek a trusted advisor and professional realtor in the Central Florida area that can educate and guide your footsteps in Dr Phillips located near the Disney Theme Park area. Stay connected and contact Kevin Strawter today at 850 496-6412. Click link to get to know more about Kevin Strawter /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?