Is your Interest Rate Holding you Back from Moving Up in Atlanta?
In today's dynamic real estate landscape, many homeowners find themselves in a unique position. You've owned your home for years, enjoying the benefits of a low interest rate secured long ago. But now, you're contemplating a move. The question is: should you sell your home and potentially lose that favorable rate?
Justin Landis, CEO and Realtor of the Justin Landis Group, recently addressed this common concern on this week’s Landis Look. While it's true that current market conditions might mean higher interest rates on a new mortgage, it’s important to look at the bigger picture.
When considering a move, it's crucial to evaluate the potential lifestyle improvements:
Right-sizing your space
Reducing commute time
Access to other school districts
These factors can significantly impact your quality of life, often outweighing the financial implications of a higher interest rate.
Moreover, it's important to remember that the real estate market is cyclical. While rates may be higher now, they're unlikely to remain elevated indefinitely. As Landis points out, "You buy the house now, you refinance it later, and then this concern is gone, and your life is better."
For those on the fence about selling, consider these steps:
Assess your current home's value
Evaluate your lifestyle needs and goals
Research potential new neighborhoods
Consult with the real estate experts at the Justin Landis Group
Remember, the housing market is always evolving. What seems like a difficult decision now could lead to significant improvements in your daily life. And with the possibility of refinancing in the future, you may be able to secure a more favorable rate down the line.
Curious about your home's current market value? Click here! Our home valuation tool can provide valuable insights as you weigh your options in today's real estate market.
While a low interest rate is certainly valuable, it shouldn't be the only factor in your decision to move. Consider the broader impact on your lifestyle, and don't be afraid to make a change that could significantly improve your quality of life. Connect with JLG today!
Tune in for weekly valuable insights and practical tips with Justin and Kristin on Atlanta’s Q99.7. This insightful discussion was brought to you by a paid partnership with Kristin from The Bert Show on Atlanta’s Q99.7.
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