Good morning.
If you are looking at homes this weekend, you are in a strong position. The market in Magnolia has settled into a rhythm that favors the buyer, and the data backs that up.
Here is the straightforward outlook for your house hunt this weekend:
1. You Have Choices (Inventory is Up) With the number of homes for sale sitting about 20% higher than last year, you have the luxury of selection. You can take the time to find the right fit.
2. The Numbers are Steady Interest rates have found a consistent range in the low-to-mid 6s. This stability is a powerful tool. It means we can calculate your monthly payment today and feel confident that it will look the same on Monday.
3. You Can Ask for What You Need In this market, the price is just the starting point. Sellers are motivated and willing to work with you. Whether it’s covering closing costs or handling repairs, you have the room to structure a deal that protects your cash.
My Advice for the Weekend Be confident. The conditions are right for a smart purchase.
If you see a home you like, give me a call. We can run the numbers based on today’s rates so you know exactly where you stand before you make an offer.
Sal Trapani, Mortgage Banker & Owner, MJ Mortgage LLC, 281-608-2846 cell, sal@mjmortgagellc.com, www.mjmortgagellc.com, Magnolia, TX 77354, NMLS 1055510 / NMLS 2381195