The Federal Housing and Financing Agency has conducted a year-over-year study on home values and how they’ve increased in different parts of the country. The West South Central region, for instance, has increased in value by 6.92% over the last year. Texas alone is only one of ten states to have increased over 8% in home values. We have a strong economy. Freddie Mac’s economic outlook predicts our interest rates will increase next year. By the end of 2016, they expect interest rates to be around 5%. How does that affect you? If we look at purchasing a home, even a 1% hike dramatically affects a home sale. For instance, a $250,000 home now would cost $261,250 this time next year with a 1% rate increase. That makes monthly payments increase to $217.27 more a month compared to buying that home now. It’s always good to be shopping around for the best interest rates. Always check your credit score and your debt-to-income ratios.
HUD has already put out it’s 2016 FHA loan limits. They will be increasing those limits in 188 countries next year. This backs up information that Freddie Mac reported on. They’re already thinking about it. If interest rates rise, loan limits will rise. The likelihood of interest rates going up is high! As a buyer, it is going to cost you more money to purchase a home. This also affects rent prices, which will also be on the rise. It’s a great time to buy a home. You'll have the advantage of home appreciation and excellent rates. If you’re going to live somewhere, it’s best to invest in a home and build equity. If you’re thinking about buying or selling a home, give us a call or send an email today!
When you're looking to buy or sell a home in North Texas, you need to choose the right agent. A good real estate agent can make all the difference in the world. Today I have four reasons why you should consider hiring me. 1. I am a full time, professional real estate agent. I've worked in the trenches, I know how to negotiate, and I know my way around common obstacles. I use fact, not opinion, to put you in a winning position. 2. I will be proactive in handling your transaction. Your wants and needs will be satisfied before they even arise, and this will guarantee a smooth and stress-free transaction. 3. My business uses systems that are proven to work. Harvard Business did a study to show that businesses with systems in place get predictable, repeatable results. We have sales plans, communication plans, negotiation tactics, scripts for sales presentations, and more. We follow these plans and we execute them to your satisfaction. 4. I have ten years of experience, and I know how to navigate the waters of the real estate market. I've seen a lot of different situations arise, and I'm confident that I can steer you towards a successful transaction whether you're buying or selling!
These are only a few of the reasons why you should consider hiring me as your agent. We're the best in North Texas, and we would love the opportunity to show you that!
