Two important home buyer questions and answers.

The San Diego real estate market. Call George Lorimer to see how this will affect your buy, sell or investment. 619-846-1244.

This video addresses the following 2 questions I get all the time.
1. How to get priority access to hot new listings and off-market deals. 

2. Should you wait to buy? If prices drop but interest rates go up how will it affect the payment?
Ex-
Loan of $500,000 at 4.5% is $2533/mo. 
If prices go down 10%, loan of $450,000 and interest rates go up 1% to 5.5%, payment is $2555. 

You actually pay less for it now and get more choice on the home you want. 

The real estate prices are likely to stay flat, versus going up another 6-8%, like they did last year. But interest rates are expected to rise to above 5% and likely at 5.5%. Any anticipated savings on price is offset by a higher payment and tougher loan qualifications, 

Also, this is also a good reason to consider selling because a flattening of prices and less affordability for home buyers because of interest rates lessens buyer demand. http://www.20th.georgelorimer.com/home-evaluation

Call/text George Lorimer and start packing 619-846-1244.

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