MONEY! Timing isn’t EVERYTHING (in buying Portland Real Estate), but Timing Counts!

April8


“Money” performed by Pink Floyd.

Attempting to “time” any market is tough! Whether it be the stock market, the real estate market or a marathon training. There are a lot of variables, conditions and goals that contribute to the decision to buy, sell or hold.

“The Gambler”: Kenny Rogers

I think our present marketplace has proven that not everyone should purchase property and there are lots of factors that should enter into such a decision. Just keep in mind how interest rates (and, they are already on the rise) affect the ultimate cost of a real estate purchase:

Did you know that a ½% change in interest is approximately equal to a 5% change in sales price?

It is powerful to realize the importance of the relationship of interest rates to the monthly payments.

Change in Interest vs. Reduced Sales Price
Purchase Price $200,000
Interest Rate 5% Term 30 Payment $1,073.64

½% Increase in Rate $1,135.58
5% Increase in Price $1,127.33
A ½% change in interest rates is approximately equal to 5% change in price

1% Increase in Rate $1,199.10
10% Increase in Price $1,181.01
A 1% change in interest rates is approximately equal to 10% change in price

About the Author | Janeese Jackson

My job is service...service to you and your real estate transactions! How can you benefit from my 25+ years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!

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