Have high prices and high mortgage rates kept you from buying a home? We've got good news for you.
As you scroll down, you'll see how a combination of reduced prices, falling mortgage rates, and some Johnson Team-negotiated savings add up to an average buyer seeing approximately
At their peak in October, the average mortgage rate was 7.79% according to The Fed. As of their last update, that average rate is down to 7.03%. That decrease of .76% saves the average buyer
Add to that the fact that home prices have fallen from a median of $464,900 in October to $440,500 in December, and buyers are saving an additional
In a purchase, a buyer can negotiate for seller concessions. These are simply money from the seller credited to the buyer, which can be used to reduce their closing costs. In October, average seller concessions were already up to $5,905. So far this month, the average is even higher at $6,594 saving the average buyer an additional
We've partnered with Logan Bowles of Fairway Mortgage to offer an additional discounted rate to our buyers. Though the amount will vary based on qualification, we're seeing a rate reduction of approximately .28%, which saves buyers at the median price point another
Logan has also agreed to cover the closing fee that banks charge when a new mortgage is written. That helps out a lot with closing costs, saving buyers
January always sees a surge in buyer activity, which allows sellers to increase their prices. That's why we want to make sure you know what is available now. We have a perfect storm for our buyers to get a far better deal than they have been able to get in a long time.
If you aren't ready to buy, you shouldn't. But if the combination of high rates and high prices has kept you from fulfilling your dreams, we would love to help you take advantage of this opportunity.