My neighbors referred a family to me who were interested in living at Mueller, but the price point may have been something just out of their reach. It’s that classic tale of wanting to move, but even as your current home appreciates in value, it just doesn’t move as quickly as the home you want to purchase!
We chased down the best of the builder incentives we could find, and even in a market with substantial interest rates (sitting in the 7s), we were able to get them into a brand-new home in their preferred neighborhood in a price point they were comfortable with. Builders have bulk buying power to purchase interest rates down with their preferred lender. So getting a rate in 4s is definitely doable right now.
HOWEVER, we had to get their other home off the books. In a trying market, we went under contract quickly because they had a beautiful home and we got that sucker ready for market with some of the most beautiful staging. After the buyer got spooked by who knows what, we went back on the market, which can be a red flag for some buyers. In the last few months, we’ve seen as many as 15 to 24% of contracts get terminated, so it’s actually not that uncommon.
We went back on the market and had several open houses, prompting the right buyers to walk through the door. It was meant to be, as some tiny geckos ran across the kitchen, and there we have our magic.
The sellers of Isabelle were then able to take their proceeds and re-cast their mortgage, making the monthly payment even more affordable on their new home.
There’s always a solution to a relocation problem. What if this or what if that always has answers. Some solutions come with fees, but maybe it’s the right solution for you at the time.
Looking to make a change but aren’t quite sure how to do it? Give me a call and let’s talk through a menu of solutions.