"Love our interest rate, but this house doesn't fit our needs anymore."

Many people worry about finding their next home, or the rates remaining high. But there's a price to waiting. This might be the best time to get top dollar for your home.

The Price Sellers Pay for Waiting

  • More competition — a projected 13% increase in sellers in 2024.
  • More competition from new construction — new home sales are projected to keep risin
  • More risk for expensive repairs that can wipe out savings.

The Price Buyers Pay for Waiting

  • 40% of potential buyers said they won't wait for rates to drop — that's more competition for the home you want.
  • Average renters pay 32% of their income towards rent — all while losing out on building equity.
  • Median home price is expected to rise in 2024.

Impact of waiting for lower rates

Good news!
As rates continue to normalize, and more new homes are being built, buyers and sellers will be on the move. But don't try to time the market. Get your house in order (actual or financial) to get ahead of the crowd.

Taking Care of Our Most Valuable Asset

A pristine house (and yard) helps it sell for more money. It also helps reduce stress, overwhelm and even neighborly disputes.

Boost your curb appeal
☐ Tidy your landscaping (lawn, hedges, trees, etc.)
☐ Pressure wash the exterior
☐ Maintain lighting, windows, shutters, doors and trim

Don't forget the inside
☐ Fix the squeaky doors, broken cabinet handles, etc.
☐ Do a deep clean
☐ Check and clean HVAC systems

If you or someone you know is considering a move, feel free to contact us with any questions. We're here to offer clear, concise information you can trust. We also belong to a network of top real estate professionals, and we can connect you to one wherever you're looking to go.

© 2024 Buffini & Company. All Rights Reserved. Used by Permission. RMMK APRIL S P/N 1002539
SOURCES: 1. forbes.com/advisor/mortgages/home-buyers-more-willing-despite-high-mortgage-rates 2. bankrate.com/real-estate/housing-market-2024/#will-inventory-increase 3. businessinsider.com/advisors-recommend-only-spending-30-of-your-income-on-housing-2022 4. bankrate.com/real-estate/housing-market-2024/#key-market-stats 5. forbes.com/sites/terriwilliams/2023/08/14/the-best-ideas-to-boost-your-homes-curb-appeal 6. bankrate.com/mortgages/homeownership-remains-centerpiece-of-american-dream

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