Hello Real Estate Friends,
May 2023 has brought a flurry of buyer's seeking newer homes. I was not surprised in the increase in pending properties. Lenders are agressivelly marketing their loan products and promising a loan free refinance if and when interest rates return to the 4% or 5% rate sturcture.
A good question to begin the Spring months are, how will the market hold up and should I sell my home? The selling answer is YES. With interesst rate in the 6+% seller's have agreed to these new interest rate.
Buyers, must be buyer ready, even mre so now. Meaning; financing is all complete. Yes the appriaisal still needs to be completed, but most of your lender qualificiations questions should be answered and only simple questions will be necessary for lender approval.
What type of loan is BEST for me? This depends on your specific needs. Are you refiancing, buying that first home, are you a move up buyer or a down sizing seller? All lenders have loans that will be based on your needs.
This last year, I completed several real estate class from Reverse Mortages, lending examples, appriasial needs, and re-examiming all the new purchase agreement forms . It was well worth my time. Learning never stopps in the real estate business. If you have questions, shoot me a message, I will do my best to provide answers.
From Broker Jones Atterberry
Jones lives and works in Anacortes Washngton as Managing Broker at John L Scott Anacortes.
Jones brings 42 years in representing buyer and sellers in all markets and price ranges.
When you need real estate help call Jones 360-708-8935 leave a message, I will call back.
