Wednesday, January 19, 2022 / by Sonya Reiselt
Last week 30-year fixed interest rates ticked up again to its highest point in almost two years. Although expected, potential home buyers may want to get a move on securing their home now. Experts are expecting the rates to continue to rise this year and it looks like that is becoming a reality.
1st Quarter 2022- 3.4%
2nd Quarter 2022- 3.5%
3rd Quarter 2022- 3.6%
4th Quarter 2022- 3.7%
Even with modest increases, rates may have a strong impact on your monthly payments and overall affordability. However, interest rates, even at their projected increased rate are still below averages for the past 5 decades. Meaning it’s still a great time to buy. However, keep this in mind; Mortgage rates surged the second week of the new year. The 30-year fixed rate rose from 3.22% to 3.45% the week before. If inflation continues at its current pace, rates will continue to climb even faster in the coming months (Nadia Evangelou- Senior Economist & Director of Forecasting at NAR).
Wednesday, November 4, 2020 / by Sonya Reiselt
2020 has greeted everyone with a lot of changes, and with that, many buyers have rearranged their priorities when looking at home amenities. Perhaps this is due to the amount of time we are all staying home these days, constant advancement in technology, or the increasing trend of DIY and home-flipping. Regardless of the reasons, the features that buyers are hoping for aren’t likely to fade anytime soon! Does your home have any of these appealing features?
A room dedicated to laundry – A laundry room has always been high on the list of homebuyer desires but this is a feature that has increasingly become more important. People want a space where they can keep their dirty laundry out of sight and mind, especially when guests are over. Keeping the “waiting to be folded” laundry is no longer acceptable in the guest bedroom! Keep in mind that it’s especially ideal if the laundry is on the main floor! &nb; ...
Wednesday, October 21, 2020 / by Sonya Reiselt
With the current climate in real estate, it’s no surprise that many listings end up in bidding wars between many potential buyers. With low inventory and high demand, this doesn’t seem like a situation that will change in the near future. Are you currently looking for your dream home? If your answer is “yes”, you’re going to want to make sure you are properly prepared for the potential of finding yourself in a bidding war. After all, if the house is perfect, you’re going to want to know all of your options to ensure your offer is the one that ultimately is accepted! Thankfully, there are many things you can do in order to feel confident going into a bidding war, and making sure you have a trusted realtor to guide you along the way, partnering with Sonya Reiselt, is the best first step to take! Here’s a rundown on the other steps to feel prepared:
1. Make sure you ; ...
Wednesday, August 26, 2020 / by Sonya Reiselt
Are you planning on buying your first home in Beaufort County? No doubt your budget is the main driver in your home search. Yet there are other factors you may not have thought of that can help you find the perfect home. These tips can not only help you find the ideal home for your lifestyle, but also help you afford to live comfortably in your new home.
Can you afford to heat and cool it?
Are you aiming to buy a larger home in Beaufort County? Keep in mind that the larger the home, the more it costs to maintain. It also means that you'll pay more to heat and cool your home. If having more space is a critical factor in your search, try to find a newer home that has updated systems and more energy efficient materials. This can help defray the cost of heating and cooling a larger home.
Who's going to mow the lawn?
How much lawn will you have to take care of in your new home? If you or other family members don't know how to care for a lawn, or just don't have the time ...