When you purchase a home, the real estate listing price and down payment is only a small part of the equation. Once you have signed the dotted line, paid the closing costs, and turned the key to your home, you have some new numbers to consider.
Arrive by boat or by car! Homes with front and back bay views on Siesta are rarely available. Listed at $5,925,000, this five-bedroom, six-bathroom home boasts 7,443 square feet and six garages.
As we have had the pleasure of being a full household over the past several weeks, we have also found a wonderful way to keep our middle school daughter engaged with art. She has been focused on acrylic pouring techniques for creating new works of art. As she has gained experience, we have increased the challenge. The picture above shows her largest challenge to date – a 30 x 40 canvas.
The answer to the headline is more complicated than you think. Thomas Ooten at Kessler Real Estate Financial Services has done a nice job of providing a high level explanation of what has happened in March. You can see what he wrote by clicking on this link.
When you look at his reasoning, you can see the outlook for mortgage rates in the near team is volatile. Not surprisingly, I can say the same about the real estate market as well. If you have any questions about our local market, I am here to help.