Monthly Archives: September 2022

Over $7,000 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Sanford, NC and it’s now SOLD! Congratulations to our clients!

Over $7,000 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Sanford, NC and it’s now SOLD! Congratulations to our clients!

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Don Anthony Realty Reviews: “My experience was great with Don Anthony Realty” says client who hired us to sell a home in Sanford NC

Here’s a review from a homeseller who hired us to sell a home with low commission in Sanford NC….

"Thank you, to all of your many workers who assisted me with the sale of my home. My experience was great with Don Anthony Realty. You kept me informed of each detail and reminded me of things that needed to be taken care of. Hope to use you guys again in the future."

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Over $10,500 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Huntersville, NC and it’s now SOLD! Congratulations to our clients!

Over $10,500 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Huntersville, NC and it’s now SOLD! Congratulations to our clients!

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Just Listed! Check out this Don Anthony Realty 3 bed, 2 bath house for sale in Indian Trail, NC in Alexis Pointe!

Just Listed! Check out this Don Anthony Realty 3 bed, 2 bath house for sale in Indian Trail, NC in Alexis Pointe!

Click the link below for pictures and property details…

https://5805CrosswindsCourt.utour.me

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Over $18,700 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Morrisville, NC and it’s SOLD! Congratulations to our clients!

Over $18,700 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Morrisville, NC and it’s SOLD! Congratulations to our clients!

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Over $7,600 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Monroe, NC and it’s now SOLD! Congratulations to our clients!

Over $7,600 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Monroe, NC and it’s now SOLD! Congratulations to our clients!

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Just Listed! Check out this Don Anthony Realty 4 bed, 2.5 bath house for sale in Durham, NC in Southland Park!

Just Listed! Check out this Don Anthony Realty 4 bed, 2.5 bath house for sale in Durham, NC in Southland Park!

Click the link below for pictures and property details…

https://4310BarbaryStreet.utour.me

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Cause to Pause

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Rising mortgage rates are causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down. While it may be possible, the probability is that prices are going to continue to increase.

On December 23, 2021, the 30-year fixed-rate, according to Freddie Mac, was 3.05% and is at 6.29% as of September 22, 2022, a 3.24% increase. On a $360,000 mortgage, the principal and interest payment went from $1,528 to $2,226. The $698 difference represents a 46% increase in the payment.

It seems understandable to pause and see if rates will come down again, especially since they went up so fast, but it probably isn’t going to happen anytime soon based on the Fed’s position on controlling inflation.

The fact that inventories are growing slightly, and market times are increasing doesn’t negate that supply cannot keep up with demand and homes are continuing to appreciate, albeit, not as much as they did in 2021.

If a person waited a year to see if the rates come down but, in the meantime, the prices increased 10% and the rates stayed the same, the home in the example above, would have a $226 larger P&I payment.

As an alternative strategy, the buyer could purchase the home on a 5/1 adjustable-rate mortgage with a 4.64% rate for five-years. Instead of $2,226 for the P&I payment for the fixed rate at 6.29%, the payment on the ARM would be $1,926, a $300 savings.

They would have purchased the home at today’s prices, avoiding appreciated prices and would have five years to refinance at a lower fixed rate should they come down. Assuming the rate adjusted upward the maximum amount at each period, it would take over seven years to exhaust the savings on the lower payments for the first five years.

It is unfortunate that some buyers missed a window of opportunity to purchase last fall when mortgage rates were near an all-time low. That window has closed, and it may not open again. People who can still afford to buy, even though rates are significantly higher, are taking a risk waiting for rates to come down. Even if they are correct, the prices will be higher, offsetting any possible savings.

If they are wrong, both prices and rates will be higher, and they may be priced out of the market.

In the 1980s, when mortgage rates topped 18%, the best real estate agents in the country presented alternative financing choices to buyers. If your agent hasn’t had conversations with you about alternatives to fixed rate financing, there could be options available that you need to consider.

Depending on your price range and individual situation, investigate local and state financial assistance programs, ARM Comparison, 2/1 Buydown, and Cost of Waiting to Buy and download our Buyers Guide.

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Over $12,000 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Angier, NC and it’s now SOLD! Congratulations to our clients!

Over $12,000 MORE in their pocket!!! These sellers used Don Anthony Realty’s Discount Realtor program to sell a house in Angier, NC and it’s now SOLD! Congratulations to our clients!

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Just Listed! Check out this Don Anthony Realty 3 bed, 2 bath house for sale in Charlotte, NC in Stoneybrook!

Just Listed! Check out this Don Anthony Realty 3 bed, 2 bath house for sale in Charlotte, NC in Stoneybrook!

Click the link below for pictures and property details…

https://7422BentOakRoad.utour.me

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