Buying a second home today is more challenging due to rising property values and higher interest rates.
Decide whether the second home will be for personal use or rented, impacting financial returns significantly.

Experts predict 3 Fed rate cuts in 2024, with more cuts in 2025, potentially lowering rates by 1.5 percentage points. Experts predict mortgage rates could decrease to 6% by the end of 2025.

Fall sees fewer homebuyers, reducing competition and easing the purchasing process.
Home prices often drop in the fall, benefiting buyers with potential savings.

First-time buyers face challenges, including navigating documents and understanding condominium or strata living complexities.Condominiums offer affordability, amenities, and convenience, but rules, expenses, and disputes can complicate ownership.

The Fed dictates interest rates and continues to indicate that a potential rate cut is on the horizon.
Lower interest rates can reduce monthly mortgage payments, saving money for California’s homebuyers and homeowners.

Develop clear communication with your Real Estate team for a smooth transaction process.
Secure thorough mortgage pre-approval to strengthen your position and avoid finance-related delays.

Focus on Fall Curb Appeal

– Keep the lawn pristine and shrubs trimmed
– Add fall-themed floral accents like potted mums
Highlight Home Maintenance
– Inspect and clean the HVAC system
– Service the furnace
– Clear gutters of leaves and debris
– Ensure windows and doors are sealed