07/13/2022
Now is still the time to get Pre-Approved and into your home ! Yes , rates have went up but you are not stuck with that rate forever!
I know you have heard this saying everywhere now β Marry the house , Date the rateβ?! Well , itβs very true ! If you find a home you love and can see yourself in and your family the BUY the home , a home will always appreciate in value over time. However , the interest rate you are NOT locked into one specific rate forever because , you can always refinance !
But ,in order to get that home a Pre-Approval should be your first stop to find out what your options are and a price range ! There are SEVERAL reasons why a Pre-Approval is beneficial and necessary but here are 4 Reasons to get Pre-Approved !
Check out these Residential stats from May 2022 provided by Pensacola Association of Realtors, Inc.
- Sales up 7%
Total sales were up 7% from April 2022 and up 3% compared to 2021
- Average Price Sold $378,916
- Days on the Market 18
Average DOM for all property types combined is 18 days
- Sold 1,111
There were 1,111 homes sold in May 2022
- 2,273 Homes on the Market active & contingent
Donβt sit around and wait for the rates to get back to what they were last year because you are going to miss out on a TON of homes that you could have !
A Pre-Approval is free & a lot less painful than you think !
Call Chelsey Jennings - Mortgage Loan Officer - Supreme Lending 850-910-0460 for your customized Pre-Approval Letter!