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Real Estate Information |
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Conditions Are Right For Buying The Higher Priced Home You'Ve Always Wanted
Higher interest rates and home prices in the past have kept home owners from purchasing larger homes. The current real estate market conditions, however, are encouraging for many home owners who want to "buy up" to higher priced homes with more to offer. If you are considering trading up for a larger and more expensive home, conditions for doing so couldn't get much better. Interest rates are the lowest they've been in two decades, and home prices in many regions are the most affordable they've been in years. You should consider a few factors before reaching a decision to trade up:
Obviously, you'll need to sell your current home before getting serious about trading up to a new one. A healthy real estate market indicates that you'll have little trouble selling your existing home. The national Association of Realtors reported in August that sales of existing single-family homes are rising steadily, especially among first-time buyers. Affordable home prices and low interest rates could make the starter home you purchase several years ago particularly attractive. If you can afford the up-front cost, you may want to consider switching the fixed-rate mortgage on your old house for an adjustable rate on a new one. This could allow you to trade up without increasing your monthly payments. The type of mortgage you choose also depends on how long you plan to stay in your new home. A good mortgage lender can advise you on whether a fixed-rate is an advantage is you're planning on staying for more than 10 years. A fixed-rate may be better for long term owners who don't want to worry about rising mortgage payments. Trading up may not be worth the move if you're planning on living in the new home for only a couple of years. You might have to stay three to five years for your house to appreciate enough to recoup the closing costs. Conditions for a move-up haven't been this good in many years, and you may not want to wait much longer to consider it. An experienced real estate broker can help you decide if buying a new house now is a good investment for you. About The Author W. Troy Swezey is the author of "CONDITIONS ARE RIGHT FOR BUYING THE HIGHER PRICED HOME YOU'VE ALWAYS WANTED." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
MORE RESOURCES: Inside the Secret World of Luxury Real Estate in DC Washingtonian Residential real estate firm owner arrested by State Police The Business Journals V.P. of Real Estate Group Will Step Away After Harassment Claims The New York Times An upstate New York county has become home to the hottest real estate market — and it’s a world apart from NYC New York Post Veteran real estate investor buys on north side Nashville Post Houston real estate market favors buyers amid increase in months of inventory - Houston Public Media Houston real estate market favors buyers amid increase in months of inventory Houston Public Media Suspect in Dallas shooting that killed Houston-area real estate agent released on bond FOX 4 News Dallas-Fort Worth YVHA partners with local real estate firm on Cottonwoods project SteamboatToday.com Chicago Real Estate in 2025: Why Local Expertise Still Wins in a Tech-Driven Market washingtonbeerblog.com ULI’s Economic Forecast: Real Estate Outlook Remains Positive Despite Near-term Speed Bumps Urban Land Magazine Zillow settles lawsuit over StreetEasy listing fees Real Estate News by RealEstateNews.com New maps to increase Ventura County's fire hazard zones by 108%. Here's what comes next Ventura County Star The 5 Best Real Estate Schools in Washington, D.C. for 2025 housingwire.com Real Estate Industry Insider Vija Williams Joins eXp Realty to Launch Transformational “UPGRADE” Community GlobeNewswire Swedish real estate group Balder invests in Scandinavian Data Centers Data Center Dynamics Q1 2025 company earnings in mortgage and real estate housingwire.com CAR, CRMLS align on transparency, push back on private listings Real Estate News by RealEstateNews.com LAST CALL: Today is the Final Day to Submit Nominations for the 2025 Excellence Awards Boston Real Estate Times CalPERS, CalSTRS executives address real estate rebalancing Private Equity Real Estate | PERE First Draft of Tax Reform Bill "Very Positive" for Real Estate National Association of REALTORS® Friedman Real Estate negotiates sale of former First Independence bank building in Detroit REJournals International Fashion Retailer Primark Signs 9,396 SF Lease at 101 Arch Street Boston Real Estate Times Current Real Estate Roundup - May 15, 2025 Nantucket Current 1st Quarter Real Estate Trends Northwest Iowa Now REAL ESTATE | Barton Business Condominiums on HWY 45 and CTH D | By Tom Zernia - BOSS Realty Washington County Insider R.W. Holmes Facilitates 10,437 SF Office Lease for Boston Fusion at 1 Hartwell Place in Lexington, MA Boston Real Estate Times For this Atlanta church, being on mission means a real estate deal Baptist News Global Should private home listings be allowed? The Seattle Times Missoni announces residential real estate project in Portugal FashionNetwork USA New real estate giant with big Seattle footprint emerges from merger of Blackstone-owned companies The Business Journals Christie's International Real Estate to Represent Kempinski Grace Bay Residences in Turks and Caicos PR Newswire Anywhere CEO Ryan Schneider Reveals Residential Market Evolution at Major KBW Conference Stock Titan Akin Adds Market-Leading Lawyers in Real Estate Funds and Infrastructure M&A Akin Gump Strauss Hauer & Feld LLP Stephanie Shojaee Is Shaping the Role of a Multi-Hyphenate Leader and Real Estate in Miami USA Today U.S. Commercial Real Estate Lending Rebounds Sharply in Early 2025 The World Property Journal Kempinski Grace Bay Chooses Christie’s International Real Estate Turks & Caicos for Exclusive Sales Representation Travel And Tour World Greenville real estate team receives SC Small Business of the Year award upstate business journal Anywhere to Participate in the KBW Virtual Real Estate Finance & Technology Conference Longview News-Journal Saudis Greet Trump to His Tastes, With Pomp, Opulence and Real Estate The New York Times Real Estate Minute – 05-15-2025 Texomashomepage.com Navigating Change: HUD’s Strategic Role in the Evolving Commercial Real Estate Landscape Commercial Observer San Jose deal could change fortunes of West St. James housing towers The Mercury News Lower acquires real estate portal Movoto housingwire.com West Portal crash driver hid millions in real estate, new lawsuit says The San Francisco Standard Rausch Commits $100M to Partnership With Texas Real Estate Investment Firm Crowe Capital Arkansas Business T3 Sixty Names CoStar's Homes.com and Matterport Among Elite Real Estate Tech Leaders for 2025 Stock Titan States With Lowest Mortgage Rates Today – May, 15 2025 Norada Real Estate Investments Out-of-state buyers are purchasing more RI homes. Is that a good thing or bad thing? The Providence Journal Australian Commercial Real Estate Still Attractive Despite Global Uncertainties, CBRE Survey Shows Hotel News Resource Plano estate shatters Collin County price record, sells in 48 hours for over $15.9 million The Business Journals HGTV’s Egypt and Mike Building Real Estate Dreams Together Black America Web Mission Real Estate Agent Indicted for Fraud Scheme Texas Border Business World’s 5 richest real estate women billionaires hold $39B fortune VnExpress International Grocery-anchored shopping centers are the 'darling' of real estate investors - The Business Journals Grocery-anchored shopping centers are the 'darling' of real estate investors The Business Journals Homes for Sale in New York and New Jersey The New York Times |
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