Opportunity Knocks: Why Now is the Perfect Time to Buy or Sell
The financial landscape just shifted in your favor! Mortgage rates have significantly dropped, making this an ideal moment for anyone looking to buy or sell a home in Sioux Falls. Here’s how this development can benefit you and how our Lifetime Home Support™ model turns this opportunity into a win for both buyers and sellers.
Why the Drop?
The recent dip in mortgage rates is due to a mix of economic data, inflation trends, and global economic uncertainty. The Federal Reserve’s actions to stabilize the economy have played a significant role. With inflation cooling and economic growth moderating, there’s less pressure to keep rates high. According to Mortgage News Daily, Friday marked one of the biggest single-day drops in average mortgage rates in two decades.
What This Means for Buyers
Lower mortgage rates mean borrowing money for your dream home just got cheaper. The average 30-year fixed mortgage rate has dropped to 6.25%, down from over 7% just a few months ago. One of our local lender partners even quoted 5.99% (6.161% APR) on a 30-year mortgage, making a $200,000 home’s payment around $1,198 a month. Lower monthly payments can make a significant difference, potentially turning a house into your dream home.
Our local lender partners offer programs to lock in current rates, and if they dip again, you can relock the rate, allowing you to make smart financial decisions now. Lower rates will increase demand, making supply low and driving up home prices.
Lifetime Home Support™: Savings and Support for Life
Our Lifetime Home Support™ programs are designed to save our clients over $20,000 in the first year alone, with savings and support continuing for life.
Exclusive Buyer Access Program: Get first dibs on new listings, behind-the-scenes opportunities, and a call center dedicated to finding your perfect home.
VIP Club Benefits: Enjoy free lifetime access to moving trucks, supplies, party and tool equipment, and more, making your transition smoother and more cost-effective.
Home Support Team Partners: From inspections to repairs, our partners offer preferential treatment and pricing, ensuring you get the best deals and services.
Sellers, Here’s How You Benefit
Lower mortgage rates mean more buyers can afford homes, increasing demand. This can lead to higher offers and faster sales. Our Lifetime Home Support™ model includes:
Guaranteed Sales Program: We promise to sell your home within a specific timeframe, or we’ll buy it ourselves.
Trade-Up Program: Purchase your new home before selling your current one, making the transition seamless and stress-free.
Seller Operation Support Program: From staging to marketing, we handle all the details to ensure your home stands out and attracts top-dollar offers.
Addressing the “Messy Middle”
The rate drop will likely help what I call “the messy middle”—homes priced between $450,000 and $900,000. This segment has been lagging, but the mortgage rate drop makes these homes more accessible, potentially leading to a surge in activity that benefits all market segments.
What the Experts Say
Experts are cautiously optimistic. While the current rate drop is a positive sign, it’s influenced by broader economic trends that could change. However, most forecasts suggest rates will remain relatively low in the near term, providing an excellent opportunity for buyers, sellers, and investors alike.
The Bigger Picture
Lower mortgage rates not only benefit individual buyers and sellers but also stimulate the local economy. Increased home sales mean more business for local contractors, home improvement stores, and service providers, contributing to a thriving community.
If you’re in your forever home and looking to make updates or upgrades, our Home Support Team partners are the best local businesses to help with your projects. Click here for our full list, or call 605-731-9597 to get a dedicated project manager to bid your project and recommend the best of the best.
Our Vision
At Amy Stockberger Real Estate, we aim to create big, juicy legacies for everyone in our ecosystem. The current mortgage rate drop aligns perfectly with this vision. By leveraging our innovative programs and value propositions, we ensure unparalleled support and success for buyers, sellers, and investors.
Ready to Take Advantage?
If you’re considering buying or selling a home, now is the time to act. Our team is ready to guide you through every step, ensuring you reap the benefits of the current market conditions.
Check All The Perks Offered At Amy Stockberger Real Estate Here
