Would you like a 3% Mortgage Rate? An Assumable Loan might be something to consider. Assumable loans are loans where the buyer takes over the interest rate that the seller currently has if the seller’s lender allows for that. This creates more affordability for buyers and increased opportunities for sellers. This is definitely something listing agents should factor into their marketing.
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Great article by Santa Barbara architect Dennis Thompson with wonderful insights into living in Santa Barbara, California
Despite low inventory, we continue to see more homes going into contract and closing escrow than this time last year. Low supply and high demand is driving prices up. Buyers are relocating here from more urban environments while capitalizing on low interest rates.
Luxury Living on Upper State Street in Santa Barbara. Pre-leasing[...]
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