π₯ Deal of the Week π₯ This week Iβve got a lakefront special! πβ¨ Four amazing homes caught my eye β from cozy $399K spots to a $1.269M stunner. π‘ Locations include Byram, Lake Hopatcong, Mount Arlington & Mountain Lakes Boro. Which one would you live in? π Or which one do you want a room tour for?
Does the thought of buying property in a high-interest-rate environment make you cringe? Here are a few reasons why people are still buying when interest rates are higher...
1) Life Milestones: Changes in your personal circumstances, such as getting married, having children, or changing jobs, can necessitate a move regardless of current interest rates. In these situations, the need for a suitable home takes precedence over the cost of borrowing.
2) Less Competition: Despite the larger monthly payments that come with high-interest rates, they also result in fewer people looking to buy. This reduction in competition can increase your chances of securing the property you desire, as there are fewer buyers in the market.
3) Negotiation Advantage: High rates often mean fewer buyers, which could make sellers more eager to negotiate on price or terms. As a buyer, this could work in your favor, making your desired property more affordable or the terms more appealing.
4) Hedging Against Inflation: Buying real estate can be a wise move to protect against inflation. When general prices increase, so does the value of properties. So, real estate can prove to be a smart long-term investment, even when interest rates are high.
5) Emphasis on Value Over Cost: For some, the value of owning a home and the lifestyle it provides outweigh the financial aspects. If you find the perfect home that fits your lifestyle and long-term goals, it may be worth buying even with high-interest rates.
6) Market Cycles: Experienced investors and homebuyers understand that markets go through cycles. Buying when interest rates are high (and potentially when property prices are lower due to fewer buyers) can position them for gains when the market changes and prices start to increase.
So, whether you're navigating a significant life milestone, looking for the perfect home, or seeking an inflation hedge, remember: high-interest rates shouldn't be the sole determinant of your home-buying decision.
What a week! Not only it was my birthday week, I also closed 4 transactions: π43 Sterling Rd, Franklin π 24 Carteret Rd, Hopatcong π15 Larson Rd, Hopatcong π67 Fairview Ave, High Bridge
All above asking! The market is still hot and busy! Are you interested in buying or selling? Send me a message and let me help you with all your real estate needs! #listed#sold#sussexcounty#realtornj#realestate
Agent Daryna
π₯ Deal of the Week π₯
This week Iβve got a lakefront special! πβ¨ Four amazing homes caught my eye β from cozy $399K spots to a $1.269M stunner. π‘ Locations include Byram, Lake Hopatcong, Mount Arlington & Mountain Lakes Boro.
Which one would you live in? π Or which one do you want a room tour for?
4 months ago | [YT] | 0
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Agent Daryna
Does the thought of buying property in a high-interest-rate environment make you cringe? Here are a few reasons why people are still buying when interest rates are higher...
1) Life Milestones: Changes in your personal circumstances, such as getting married, having children, or changing jobs, can necessitate a move regardless of current interest rates. In these situations, the need for a suitable home takes precedence over the cost of borrowing.
2) Less Competition: Despite the larger monthly payments that come with high-interest rates, they also result in fewer people looking to buy. This reduction in competition can increase your chances of securing the property you desire, as there are fewer buyers in the market.
3) Negotiation Advantage: High rates often mean fewer buyers, which could make sellers more eager to negotiate on price or terms. As a buyer, this could work in your favor, making your desired property more affordable or the terms more appealing.
4) Hedging Against Inflation: Buying real estate can be a wise move to protect against inflation. When general prices increase, so does the value of properties. So, real estate can prove to be a smart long-term investment, even when interest rates are high.
5) Emphasis on Value Over Cost: For some, the value of owning a home and the lifestyle it provides outweigh the financial aspects. If you find the perfect home that fits your lifestyle and long-term goals, it may be worth buying even with high-interest rates.
6) Market Cycles: Experienced investors and homebuyers understand that markets go through cycles. Buying when interest rates are high (and potentially when property prices are lower due to fewer buyers) can position them for gains when the market changes and prices start to increase.
So, whether you're navigating a significant life milestone, looking for the perfect home, or seeking an inflation hedge, remember: high-interest rates shouldn't be the sole determinant of your home-buying decision.
If you're ready to explore your options and turn this economic climate into an advantage, let's chat!
#localrealtor #homebuying #morriscountynj #sussexcountynj #njrealtor
2 years ago | [YT] | 0
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Agent Daryna
What a week! Not only it was my birthday week, I also closed 4 transactions:
π43 Sterling Rd, Franklin
π 24 Carteret Rd, Hopatcong
π15 Larson Rd, Hopatcong
π67 Fairview Ave, High Bridge
All above asking! The market is still hot and busy! Are you interested in buying or selling? Send me a message and let me help you with all your real estate needs! #listed #sold #sussexcounty #realtornj #realestate
2 years ago | [YT] | 0
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Agent Daryna
Latest review π Love the first time home buyers. Itβs a great step in their life and Iβm happy to be a part of this journey
2 years ago | [YT] | 0
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Agent Daryna
ππ‘ππ ππ π¦π€π
ππ πππͺ π-π π‘π
π 609 Brooklyn Mountain RD, Hopatcong NJ
$399,900
4 Bedrooms || 2 Bathrooms
Renovated, beautiful and move in ready. This is the house youβve been waiting for!
#agentdaryna #realtordaryna #hopatcong #hopatcongnj #houseforsalenj #homeforsale
3 years ago | [YT] | 0
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