Rates Drop, Opportunities Rise And How To Get Your Home Ready For Winter.
Fed Cuts Interest Rate Again: What This Means For Mortgages as Markets React
This is the second rate cut we have seen in a row. What does this mean for you as a Buyer?
The recent rate cut gives buyers a new opportunity to get creative with buydown programs lowering your mortgage rate to as low as 5.99%. Giving the buyers a renewed confidence and affordability boost when returning to market. If you are a first time home buyer, investor or a family putting down roots, this might be your opportunity.
Talk with your mortgage lender to see if making the move on the rate cuts is the right choice for you!
Buyers Market Is Still On Fire!
The results are in, the buyers market is still hot!
Sellers are giving out closing cost credits to get their homes sold. This could save you close to $10,000 out of pocket when closing on a house, making it more affordable to bring that cash to close. This has been one of the most favorable times to buy we have seen in a long time.
Even though inventory has lessoned, it still remains strong in all price ranges from $300,000-$1,000,000. Giving Buyers a healthy selection of well priced homes with potential credits given to choose from. Whether you are looking for your first home, upsizing or thinking of an investment property, now is an excellent time to explore your options.
If you've been waiting for the "right moment" this could be it. Lets chat about what these rate changes mean for you.
For My Sellers!
This intimidating buyers market isn't going to last forever, let's start strategizing bringing your home to market for next spring. With the right prep your home is guaranteed to sell faster than other competitors. Give me a call and lets make a plan!
November Events
Here are a few of the happenings in our region this month:
- Veterans Day Parade NOV 11th
- Antique Retro and Craft show NOV 22nd
- Turkey Trot Reno and Sparks Thanksgiving Day 2025
-Christmas Tree Lighting Downtown NOV 28th and 29th
Winter Prep Home Tips
Since colder weather is on its way, here are some helpful tips to keep your home in prime condition!
- Clean gutters and downspouts to prevent ice damage or clogged drainage.
- Inspect roofing and flashing for any loose or damaged areas
- Check HVAC system: Change filters. If you haven't had your vents cleaned out in 5-8 years it is time to call our local HVAC specialists.
- Seal or weather strip around windows and doors to keep heating costs down
- Put away or cover patio furniture to keep them clean and in good condition.
- Buy salt to prevent slipping on the ice and that new snow shovel you've been meaning to buy.
- Turn off your sprinklers, no frozen pipes this year!
The Holidays are upon us, when you hear a family member chatting about Real Estate at the table this year I would love for you to connect them with me so we can chat about their upcoming Real Estate plans! Happy Thanksgiving from me and my team over at Siva Herdt Group!
Contact
Madeline Falconer
S.201580
REACH ME AT
775-771-6993
OR
evansmaddiem@gmail.com
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