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Welcome! Here You Can Find Great
Information on Plymouth, Canton and
Northville, Michigan Real Estate |
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Looking for homes? Are You Buying, Selling or Relocating to or from Southeast Michigan? Sandy Pattock-Beeler and Team are ready to service all of your real estate needs. Need local real estate information? We’ve summarized much of what is important about the Plymouth, Canton and Northville real estate markets in this site, including information relating to Wayne, Oakland & Washtenaw Counties. Need Expert Advice? Want to search local listings, New Home Developments or School Information? Visit our "Search Thousands Of Homes With A Click Of The Button" and allow Sandy Pattock-Beeler and Team show you the way to your new home. Contact us with confidence! We guarantee your privacy will be respected and we offer the services on this site for Free and without obligation. Why? We want to be Your Realtors. As your trusted professional Realtors, we will help you find the best home in your area within your price range. And together we will sell your home for the highest possible price and in the shortest amount time and inconvenience to you and your family. Whether you’re Buying, Selling or Relocating, Sandy Pattock-Beeler and Team can help you with all of your real estate needs. - Sandy Pattock-Beeler and Team  |
Financing Your Home >When Interest Rates Rise
Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.
One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.
If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.
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What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
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Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star. |
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