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Hey Everyone!
It's time for your Treasure Valley
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housing market update.
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So, I have been going on a ton
of listing appointments, and
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the number one hesitation
that I get out of those listing
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appointments are
potential sellers that are
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scared to purchase a home.
The reason for that is that they
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feel they will have no place to live.
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But, I'm going to break it down for you
right now.
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So, the reason why right now
is the best time to sell and also
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purchase a home, is because
this is the height of the market.
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So, right now, the housing market
is only scheduled, or "predicted" is
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probably a better word,
to increase 3% in comparison to
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last year.
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Last year, there was an 8-12% increase
across the U.S.
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This year we are only trending to do 3%
of an increase.
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So, we have hit the top.
Not only that, the Feds have also
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stated that they aren't raising
rates.
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Therefore, the interest rate
is still low. Therefore, giving
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sellers, first time home buyers,
and any sort of buyer, actually,
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more buying power.
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When that interest rate goes
up that means there is less
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money you will have available
to get in to homes. Therefore,
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pricing you out of certain price
points.
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So, if you are looking into a particular
area, such as: the north end, southeast boise,
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the bench, right now is the best time
to capitalize on your buying power
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as well as that low interest rate.
So, selling your house is the
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better play.
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Also, because you free up equity
from your home,
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you get to use that towards
your home purchase.
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So, it increases your buying
power even more.
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So, I hope that helps you!
If you have any questions
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make sure you shoot me
a message as well as ... Um,
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or you can also e-mail
me, I'll make sure to link
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it up top.
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But, other than that, make
sure you also
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subscribe to my YouTube channel.
I'll link it too.
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Lots of links happening actually.
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But, if you guys have any questions
make sure you reach out to me,
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and lets get them sorted.
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I hope you guys have a great
rest of your week. And guys
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As always, it's
Real Estate with Tazz
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here to help you buy, or sell
your next home.