š” Real Estate Market Update for December 2024: Unlock New Opportunities! š”
š #MortgageNews | #RealEstateTrends | #HomeOwnershipGoals | #EquityGrowth | #FHA | #ConventionalLoans š
š With the elections behind us and a new president in office, the housing market has kicked off strong! Here's what you need to know about loan limits, interest rates, and why now might be the perfect time to sell or buy:
š 2025 Loan Limits Boost Buying Power
š #LoanLimits | #BuyingPower | #FirstTimeHomeBuyer
āØ Conventional Loans (Fannie Mae/Freddie Mac): Borrow up to $806,500 in 2025! āØ FHA Loan Limits: First-time buyers can now qualify for loans up to $529,000, giving you more flexibility to find your dream home.
š° Interest Rate Drops Over Thanksgiving!
š #MortgageRates | #InterestRateTrends | #HomeLoanSavings
We monitored the market for you over the holiday:
š¹ 30-Year Conventional Fixed: ~5.88% to 6.92% š¹ 30-Year FHA Fixed: ~4.99% to 5.41%
These lower rates could be your chance to save big on a new home purchase! š¦āØ
š #SellYourHome | #EquityOpportunity | #DreamHomeGoals
š¤ Concern 1: Is It a Good Time to Move? Absolutely! The equity you’ve built in your home has likely skyrocketed. Thanks to rapid appreciation during COVID, homeowners now average $315,000 in equity, with $129,000 more than before the pandemic.
š” Use that equity for:
- A bigger down payment šµ
- Lower monthly payments š
- Or even a cash purchase to skip mortgage rates altogether!
š Fun Fact: The average mortgage rate since the 1930s is around 10%—today's rates are still a bargain! š¦
āØ Stop waiting in a home that no longer moves you—trade up to the one that does!
š¤ Concern 2: Will I Find a Home I Like? Yes, you will! š The market is thriving with 30% more homes available than last year, according to Realtor.com. Whether you're upgrading or downsizing, there are plenty of options waiting for you.
š #MoreInventory | #NewListings | #FindYourDreamHome
We are seeing a large increase in Pre-Approved, Well-Qualified Buyers come through our door. Homes with Zane Petersen Real Estate - Lake Minnetonka have been selling quick and above asking with the last home Selling in just 2 Days.
And even though inventory is still below pre-pandemic levels, this is the highest it’s been in quite a while. That means you have more options for your move, but your house should still stand out to buyers at the same time. That’s a sweet spot for you.
It’s important to note, though, that this balance varies by local market. Some places may have more homes for sale than others, so working with a local real estate agent is the best way to see what inventory trends look like in your area.
š¬ The Bottom Line Selling your home now lets you maximize your equity, take advantage of improved loan limits, and lock in a home that truly excites you. Ready to take the next step?
š² Contact us today for a free consultation! Let’s turn your real estate dreams into reality. š
š #RealEstateMarket | #HousingMarketUpdate | #HomeSweetHome | #YourNextMoveAwaits
š Perfect Home Finder Program
š #OffMarketHomes | #LuxuryLiving | #NeighborhoodDreams
Are you tired of searching endlessly for the "almost perfect" home in your desired neighborhood?
Our Perfect Home Finder Program is designed to: āØ Pinpoint exactly what you’re looking for. āØ Tap into off-market properties—many sold privately, without the stress of traditional listings. āØ Use our resources to connect with homeowners ready to sell, saving you time and energy.
š” Success Stories:
- Last year, we found a stunning 6,000-sq-ft luxury home in Eden Prairie for a sophisticated client—negotiated and closed in just 24 hours and under market value!
- The most recent sale? Market-ready in 32 hours, selling over asking thanks to our powerhouse marketing strategy.
š Limited-Time Offer: Free Service in December 2024 and January 2025! š£ #NoObligation | #StressFreeBuying | #YourPerfectMatch
For a limited time, we’re offering this program at no charge. Whether you’re ready to move now or just browsing, we’ll help you explore properties without any pressure to commit.
š Benefits of Off-Market Sales:
- Skip the hassle of prepping your home for daily showings.
- Enjoy agreeable, stress-free negotiations between buyers and sellers.
- Discover properties tailored to your unique style and budget.
š¼ Exclusive Look – Coldwell Banker Global Luxury Program
š #LuxuryRealEstate | #ColdwellBankerExclusive | #GlobalReach
Want to maximize the visibility and value of your home before it even hits the market?
Coldwell Banker® connects you with over 47,000 top-tier real estate professionals worldwide, offering private marketing for your property. This ensures: āØ A network-driven sale, not just an algorithm. āØ Private showings to drive your asking price higher. āØ Unparalleled exposure without the hassle of public listings.
Imagine marketing your home to Top REALTORS® whom have from 1-100 buyers looking for your home vs. waiting to see if a 3rd party home-selling-site places your home into the right hands using their software program.
š¬ Why Settle When You Can Have Perfection?
Whether you're buying, selling, or just exploring your options, our innovative programs make your real estate journey effortless.
š² Contact us today for a consultation and let us help you find your perfect home or sell for top dollar!
š #LakeMinnetonkaRealEstate | #DreamHomesForYou | #TopDollarSales | #StressFreeMoves
Through Zane Petersen Real Estate - Lake Minnetonka, you get Marketing Expertise that reaches out to find you more buyers, the one we are looking for is the one that will pay much higher than any of your other buyers will, and for Top $. You hire a REALTOR® for one thing, to Sell your home for Top $.
Let's start Today - 763.843.2905
Not thinking of Moving, let's still meet for coffee in December - if you have time between now and Christmas, let's meet for coffee and discuss your real estate needs, within an hour chat I can get your plans of selling your current home and owning a home that really fits your desires much better, and for the right monthly mortgage payment.
