Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You!  It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request my free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to me through my professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. When you click on any link above, you'll see your chosen site, along with a form at the bottom of your screen. Use this form to request my quick Status Report on any homes or other real estate that interests you. It's free and without obligation. Remember: As a top Encinitas, Carlsbad and Shadowridge area REALTOR®, it's my job to know more about a property than any web site. Make sure you have the most current information!
Financing Your Home >When Interest Rates Rise
Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.
One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.
If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.
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What is considered one of the key elements of the American dream?
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Home ownership is considered to a key to the American dream; more than 2 million first-time buyers bought property last year. |
 See More Real Estate Trivia > |
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Stan Chambers
Sea Coast Exclusive Properties
900 South Coast Hwy
Encinitas CA. 92024
CA DRE License # 01356002
Direct: 760-505-8008
Fax: 866-449-2505
Email: Stan@StanChambers.com
My name is Stan Chambers and I have been a highly successful real estate
professional in the Encinitas, Carlsbad, and Del Mar markets. My personal goal is to simplify the process of buying and selling real
estate, and to satisfy everyone's needs to the best of my ability. My
extensive experience and proven track record are factors you can count
on when working with me. I use the latest technology to understand the
current market and to make the connections necessary for our success.
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