As prospective buyers deliberate about how long they wish to wait before purchasing a home, they should bear in mind that there is more to the homeownership equation than housing prices. The fact is that mortgage rates are at historical lows, and no one can gauge with any certainty how long they will remain so. As interest rates rise, the increased cost of borrowing can add to the cost of homeownership as much as rising real estate prices. At the present time, both home prices and mortgages rates are relatively low, which begs the question: How long can this fortunate set of circumstances be expected to last? We may just look back on this time as a tremendous buying opportunity. 

Are you considering the purchase of real estate? If so, contact CENTURY 21 SEXTON & DONOHUE. We have a successful history of assisting buyers achieve their real estate purchasing goals. We will walk you through the transaction, step by step. To discuss your options, reach us today at (781) 665-6660. We will arrange an initial meeting. The office is conveniently located at 29 Essex St., just across the street from Shaw’s. We are "A Team Effort”.  We will exceed your expectations!

 HINT: To make the most of low mortgage rates, review your credit score and make sure that it accurately reflects your creditworthiness.

            If you are sitting on the fence  when it comes to deciding whether or not you want to put your house on the market, take a good look at local conditions. A real estate agent familiar with the immediate area can tell you how many listings are on the market in your area and how many homes have been sold over the past year. Using these numbers, you can calculate how fast homes are selling and how many months’ inventory remains on the market. Anything less than six months’ inventory of unsold homes tends to favor sellers. A knowledgeable agent can also provide a further breakdown of the local competition (local homes comparable to yours) and provide pricing recommendations

If you are considering selling your real estate, contact CENTURY 21 SEXTON & DONOHUE. We will meet with you and provide you with a free market analysis of your property, including an estimate of its current value. Get the best return for your real estate investment! We’re here for you at (781) 665-6660. The office is conveniently located at Essex St., just across the street from Shaw’s. We are "A Team Effort”. You will benefit from our real estate knowledge and experience.

HINT: Now more than just about any other time in recent memory, real estate is local, so pay closer attention to what your local agent has to say than to national statistics and widespread generalizations.