Are you holding back from making a move because of your current mortgage rate? You’re not alone. Many homeowners are sitting on historically low interest rates and worrying they’ll lose too much if they sell. But the truth is—waiting could cost you more than you think.
Reasons to Move Despite the Higher Rate:
- Life Happens—And Life Comes First
Job changes, growing families, downsizing, needing to be closer to loved ones—life doesn’t pause for the market. If your current home no longer fits your needs, the right time to move is now. - Home Equity Is at an All-Time High
Many homeowners have built significant equity. That equity can offset a higher rate, reduce your loan amount, or even let you buy with cash in some cases. - You Can Always Refinance Later
Interest rates fluctuate. Buying now may get you into the right home, and if rates drop later, you can refinance and bring your payment back down. If you purchased homeowner’s title insurance, you could get a big discount on closing costs the second time around. - Today’s Prices Could Be Tomorrow’s Deals
Waiting may not save you money. Home prices are still climbing in many areas. If the market shifts and rates stay high or go higher, affordability gets worse. - Renting or Staying Could Cost You More Emotionally and Financially
Settling for less than what you need in a home can take a toll. Comfort, functionality, location—all of it matters. Your quality of life is worth investing in.
Every situation is unique, and that’s why we’re here. If you’ve been wondering whether now is the right time to move, let’s talk. The Licata Group is ready to walk you through your options and help you make the best decision for your future.
Whether you’re looking for homes for sale in Lake of the Woods, VA, or property in Virginia, we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “What is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, one of our expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata. To view available Lake of the Woods properties, please visit our site. To view available properties in Northern and Central Virginia, visit our website at licatagroup.com.