We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.
What Does This Mean as a Buyer?
If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:
If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.
See Below if you are thinking about Buying, Selling, or Investing in real estate.
Text Sell to 951-395-8057 and learn more about why you should sell your home with Team Olsewski.
Buying a home
If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!
Text Buy to 951-395-8057 and learn more about why you should buy your home with Team Olsewski.
Team Olsewski’s uses a team approach to help individuals sell, buy or invest in Real Estate; they are also experienced short sale specialists. They offer an extensive internet based marketing program that sets us apart from other agents.
Why choose a Team? The simple truth is that a team will always out-perform an individual agent. Is working with an individual a bad thing? Not at all. Once up on a time, everyone on our team was an individual agent.
Team Olsewski’s work ethic and focus while working with their clients to achieve their goals is what truly sets them apart as one of the leading real estate Team’s in Southwest Riverside County. Always working as a team to achieve their client’s goals and having the ability to sense changing market trends as well as long term projections in the real estate industry makes Team Olsewski one of the best in their profession. As a Certified Internet Marketing specialist Team Olsewski has the training and knowledge to help homeowners looking to sell gain the most online exposure for their listing. Ultimately netting them the most when they sell. Team Olsewski’s has extensive experience successfully closing tough short sales with many different lenders.
Team Olsewski has multiple dedicated buyer’s agents who work exclusively with our buyers. This maximizes the home buying process thus insuring our buyers have the best possible home buying experience.
We service the Temecula, Murrieta, Winchester, French Valley, Menifee, Wildomar, Hemet, Perris, Moreno Valley, Lake Elsinore, and Corona area’s of Southwest Riverside County.
Whether you are looking for the perfect home to suit your lifestyle or want to sell your home quickly and at the highest value, Team Olsewski is the real estate Team for you. Working with you as a team, they will help you achieve your long-term and short-term goals. Team Olsewski brings the full range of their talents to make the most out of your largest investment, your home.Call them today!
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“Never let the things you can’t do stop you from doing the things that you CAN do!”.
"We had our house on the market for one year with two different realtors. Unfortunately, we did not sell our house in that year and the realtors we used were less than ideal to work with. They were the reason our house did not sell and they made empty promises without any follow through. We spent hours trying to get them to do the job we thought a realtor should be doing, basically working to get our house sold. We were at our wits end with what to do considering our house value had gone down significantly in that year. We came across Tom when we were advised to do a short-sale on our house. Tom was skilled in short-sales but we were still hesitant about any realtor because of our previous experiences.
Tom was a breath of fresh air! He was excellent to work with and was always available to answer any of our questions. He always answered his cell phone when we called him; I don’t think my husband or I ever received his voicemail when we called him. He was diligent about trying to get our house sold and had to spend countless hours trying to get our bank to accept an offer on the house. We know he put in a lot of additional time to get our house sold, but never did we hear anything but positive, reassuring comments from him. He always assured us that he would do whatever it took to get our house sold and he did just that! We finally closed on the house last week and are so blessed that Tom was our realtor. Without his expertise we would have probably ended up with a foreclosure instead of a short-sale. He did exactly what he promised he would do for us and I would highly recommend him to anyone looking to sell or buy a home! If you are looking to short-sale your home, there would be no one more qualified for the job than Tom!"