Housing Market 2021: How Hot Will It Be? 🔥
Let me tell you what I have personally experienced before I give you the national forecast… in the last week I have represented Buyers who placed offers on homes, and were in competition with 6, 8, 13 and one time, 15 other offers! The Sellers netted huge gains well above asking price with limited contingencies all because of one thing… an inventory shortage. Some of these properties were in areas I never dreamed would get this many offers, so what we have here folks is an across the board “kaboom” moment for Sellers!
I sound like a broken record, but I really do speak the truth! If you are a homeowner and have been thinking of selling, I urge you to contact me to find out how NOW may get you more money than any other time in the near future. (And you have Josephine’s to break your fall so… ) Don’t be scared – let’s talk through it.
OK, back to the national forecast!
Buyers are being outbid time after time…
|So at least we have rates 📈 that can turn that frown upside down!|
|Information provided by: Leah Quigley, Mortgage Consultant – Prosperity Home Mortgage, LLC. |
Disclaimer: The above scenarios assume a $350,000 sale price ($1.5M on a Jumbo) on a purchase transaction with 25% down, a 740 FICO score and a 45 day rate lock. Rates are as of business day prior to the date listed above. Interest rate and annual percentage rate (APR) are based on current market conditions as of 2/11/2021, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed and all products may not be available in all borrower’s geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Our Short-Term Rental is available for the “in-between time” from listing to sale!
If you thinking of selling your home but are worried about that in-between time, we have you covered. Josephine’s Cottage is a cozy and homey short-term rental that is available to help ease the stress moving can create. And it’s available month to month. Yep, I said that.
We created this special, short-term space to allow our clients to land safely and comfortably. It has all the comforts of home with cozy rooms, a big yard, a large garage for storage, and my favorite of all… a front porch swing. Just reach out and I can give you the details!
Someone has to step up and help fund the USPS 😉
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