Author: Sponsor

Question: I feel like I could live in a few neighborhoods. How do I narrow it down?

Answer: We’re fortunate that we live in an area with three jurisdictions to pick from! But it can be overwhelming when you can envision yourself in a lot of different areas. There are lots of things to consider when picking your next home — not only the home itself, but where that home lies.

Question: How can my mortgage lender help my offer win a bidding contest?

Answer: Anyone who has been thinking about purchasing a home within the past year has heard over and over how competitive the marketplace is. The severe lack of residential inventory has affected all price points and all types of properties. Rising interest rates may cause some purchasers to exit the process, but the need for housing will have a greater impact on the continued supply/demand equation.

Question: “Where do these Broadway lyrics come from?” says my real estate-muddled brain.

Answer: Oh, you may have you been singing the BLUES because the movers are delayed or prepping for a sale has forced you into an AirBnB while the bathrooms are being gutted.

Question: Interest rates are rising! What does that mean to you as a buyer or a seller?

Answer: Mortgage interest rates have already jumped significantly in the last month or two, leaving both sellers and buyers to speculate what this could mean to them. Buyers are wondering if it’s even worth it to still try to buy a home when their buying power has diminished. Sellers are wondering whether they missed that sweet spot for listing, since many buyers may be getting discouraged, or not even qualify any longer, due to higher interest rates.