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Greetings!
We just celebrated Memorial Day, reminding us that freedom is not free! There is a cost. Members of our military make significant sacrifices to serve and protect the rest of us. I believe that every benefit offered is well worth it to support our military. If you have a VA loan benefit, did you know that loan entitles you to no down payment on your home purchase? Read more about it in this week's newsletter!
It's time! ☀️ Pools are opening and water parks are gearing up for the summer season! 💦 Did you know that there are numerous waterparks near the Huntsville metro area? If so, I bet there are some that you are not aware of. Find local water parks in this newsletter, go have fun at our area water parks!
I don't know about you, but I tend to approach each new year optimistically, and keep my optimism balanced with reality! 📈 If you are like many of us, when it comes time to buy or sell a home, you hope that suddenly a "magic" market will descend on us and you will sell your home for well above market value, then when it's time to buy a home, that you will get the deal of a century! It rarely works out that way. Meanwhile we are watching every tenth of a percent as mortgage rates shift sometimes multiple times per day! When it comes to interest rates, they are very hard to predict. However, right now most of the leading economists are being conservative about the direction of rates and do not feel that they will move much over the next year. Now bear in mind that I also just said that rates are very hard to predict! Often even the experts are wrong about their predictions. In this newsletter I have a graph showing the movement of mortgage interest rates over the past year. It's much easier to analyze rates that have already happened and to determine what influenced those rates. One observation that may be helpful to note is that even though rates have increased recently, they are currently lower now than they were this time last year. AND if rates come down, then home buyers may flood the market making it more competitive, causing prices to increase, and making it harder for you to pick the home that you want. So rather than wait on magical rates to appear, it may be better to go ahead and make that move that you have been planning! Refinancing at a lower rate later is an option to consider if rates come down after your purchase. In most cases though to refinance, you will pay closing costs, but over the life of the loan could be well worth it.
When it comes to listing a home for sale, I spend time analyzing the current local market surrounding the home and educating my clients so that they can be equipped with the very best information when it comes to preparing and pricing their homes for the market, a process that I take very seriously. 🏡 Currently the median number of days on market in our area is 63! ⏳ That means that most of the listed homes will not have multiple offers, although that IS happening in places. It is worth noting that the longer a home sits on the market, often the less it will sell for over time. See graph above. The "Roll Out" of your home into the market is crucial because it sets the stage for how your home will be perceived by those already looking in the marketplace. 📈
Each week I remind you that I am getting metabolically healthier 💚 and I invite you to join me! Learn about the science behind the natural products and protocols that I am using to improve my health by clicking the highlighted (green) letters to join Healthy Living with Sara, my Facebook page about improving metabolic health.
My goal through this weekly newsletter is to provide VALUE for you! ✨ I hope that you will find beneficial information about real estate 🏡, our local community, good metabolic health 💪, and personal contributions from me to you. I look forward to engaging with you! Thank you for sharing your time with me.
Have a blessed week!
Sara Runyans
REALTOR®
HOMESPACE - EXP Realty, LLC
256-468-7614
sara.runyans@exprealty.com
https://sararunyans.exprealty.com
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