Posts made by author 'Carol Solis'

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you're thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.

The Biggest Perk for Buyers: Low Mortgage Rates

 Today's most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that's slightly higher than the record-lows from 2020 and earlier this year, it's still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers (See graph below):

Click Here to Read More...

So many of us are asking this question right now and it's not an easy one to come to a quick conclusion.

Whether you're buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move.

However, there's one category that provides a simple answer. When deciding to buy now or wait until next year, the financial aspect of the purchase is easy to evaluate. You just need to ask yourself two questions:

1. Do I think home values will be higher a year from now?
2. Do I think mortgage rates will be higher a year from now?

From a purely financial standpoint, if the answer is 'yes' to eitherÂ...

Click Here to Read More...

Whether you are new to the home-buying process or a seasoned homeowner selling your home, you will likely be faced with a flurry of details and big decisions, making the process seem overwhelming.

We're here to help. At Montague, Miller & Co., we take pride in our ability to educate and guide our clients to successful outcomes through professionalism and honest counsel. As a three-generation family company, we've been serving Charlottesville and surrounding communities for over 75 years.

Our Montague Miller & Co REALTORS® live and work in your community. We have a breadth of experience navigating competitive markets to help you find your perfect home, or sell your home for the best price, all the while ensuring the process is a...

Click Here to Read More...

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today's low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there's still a common myth that you have to come up with 20% of the total sale price for your down payment. This means people who could buy a home may be putting their plans on hold because they don't have that much saved yet. The reality is, whether you're looking for your first home or you've purchased one before, you most likely don't need to put 20% down. Here's why.

According to Freddie Mac...

Click Here to Read More...

Highlights:

• A real estate professional is an expert who can advocate on your behalf throughout the process when building a home.
• Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish.
• If building is the right choice for you, work with a trusted real estate professional who can help you successfully navigate the path to your dream home.

research by Keeping Current Matters