Should I Move with Today’s Mortgage Rates?
When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you? In today’s market, data shows more homeowners are getting used to where rates are and thinking it may be time to move. As Mark Zandi, Chief Economist at Moody’s Analytics, explains: “Listings are up a bit as life events and job changes are putting increasing pressure on locked-in homeowners to sell their homes. Homeowners may also be slowly coming to the realization that mortgage rates aren’t going back anywhere near the rate on their existing mortgage.” A recent study from Bank of America sheds light on some of the things homeowners say would make them sell, even with rates where they are right now (see visual below): What Would Motivate You To Move? Now that you know why other people would move, take a minute to think about what would make a move worth it for you. Is it time to take a chance and go for your dream job, even though it’s not local? Are you looking for a neighborhood that has more to offer and a close-knit sense of community? Maybe you just need more space, you’re looking for your next great adventure, or you want a house that opens up rental opportunities to pad your income. And here’s something else to consider. Mortgage rates are still expected to go down over the course of the year. And once that happens, there’s going to be a big rush of buyers jumping back into the market. While you could delay your plans until rates drop, you’ll only have more competition with those buyers if you do. So, does that mean it’s worth it to move now, even with rates where they are? The answer is: that it depends. You'll want to consider today’s mortgage rates, where they’re expected to go from here, and what would prompt you to want to make a change as you decide on your next steps. An expert can help with that. Bottom Line Other homeowners are getting used to rates and deciding to move. Let’s chat to go over what matters most to you and if it’s time for you to jump back into the market too. Call Rajeev Vashist at (703)927-0606 Buying a Home Selling a Home
Luxury Living at its Finest: A Look Inside 3806 Hummer Rd, Annandale
If you've been searching for the epitome of luxury living, look no further than the extraordinary sanctuary that awaits you at 3806 Hummer Rd, Annandale, VA. Presented by Bery Homes, this brand-new custom-built residence offers an impressive 8,392 square feet of meticulously crafted elegance, all nestled on a sprawling .79-acre lot. With 7 bedrooms and 7 bathrooms, this architectural masterpiece provides an abundance of space and privacy for you and your loved ones. As you step through the grand two-story foyer, you'll immediately be captivated by the grandeur and sophistication that define this home. The main level features a convenient bedroom and full bathroom, perfect for guests or office space. The expansive living areas beckon with a seamless flow, ideal for entertaining on any scale. Indulge your culinary desires in the gourmet kitchen, equipped with state-of-the-art appliances, custom cabinetry, and a center island. Natural light streams through the oversized windows, illuminating the space. The adjacent family room, adorned with a cozy fireplace, provides the perfect backdrop for intimate gatherings or relaxed evenings with family and friends. Retreat to the luxurious primary suite, complete with a sitting area, tray ceiling, gas fireplace, and a spa-like ensuite bathroom. The bathroom features a double vanity, soaking tub, and separate shower, offering a serene oasis within your own home. Each additional bedroom boasts its own full bathroom and walk-in closet, providing ample storage and comfort for every member of the household. But the luxury doesn't end there. The lower level of this magnificent home offers even more opportunities for enjoyment and entertainment. With two bedrooms, two bathrooms, a full wet bar, and a media room, you can host movie nights or watch the big game in style. An extra flex room in the basement is ideal for an exercise room or second office. The property also features two laundry rooms, one on the upper level and one on the lower level, adding convenience to your daily routine. Step outside to your own private paradise, where a spacious deck offers the ideal setting for outdoor dining and entertainment. The expansive backyard, measuring 208 feet deep, provides endless possibilities for recreation and relaxation, ensuring every day feels like a retreat. Convenient amenities include a three-car garage, ensuring ample parking and storage space for your vehicles and belongings. Additionally, this prime location offers easy access to shopping, dining, and recreational amenities, with Tysons Corner, INOVA Hospital, and major highways like RT 395, 495, and 66 just minutes away. You can even enjoy walking to the Annandale community park, which is conveniently located just a block away. In conclusion, 3806 Hummer Rd, Annandale, sets a new standard for luxury living. With its exquisite design, spacious layout, and abundance of amenities, this custom-built residence truly offers a one-of-a-kind living experience. Don't miss the opportunity to make this architectural masterpiece your own, and indulge in the finest that Annandale has to offer. Call Ashu Vashist for a private Showing at (703)927-2735 Selling Your Home Buying a Home
Luxurious Living in Loudoun Valley Estates: 43576 Warden Dr
Nestled in the sought-after Loudoun Valley Estates neighborhood, the stunning Hopewell-Federal model by Toll Bros awaits its new owners. With a listing price of $1,325,000, this exquisite home offers a multitude of desirable features that make it a dream come true for any discerning buyer. From its spacious layout to its elegant finishes, every detail of this property exudes luxury and comfort. One of the standout features of this home is its prime location. Situated on an almost half-acre lot, it provides a park-like setting that offers both privacy and tranquility. The expansive 5,500 sq/ft floor plan is spread across three finished levels, providing ample space for comfortable living and entertaining. As you step into the grand two-story foyer, you'll immediately be captivated by the elegant staircase that serves as a centerpiece of the main level. The formal living and dining rooms, adorned with bay windows, crown molding, and chair rail, create a sophisticated ambiance. For those working from home or in need of a quiet space, a main-level library with a built-in bookcase provides the perfect retreat. The heart of the home lies in the spacious kitchen, complete with stainless steel appliances and an abundance of counter space for culinary enthusiasts. Adjacent to the kitchen is a charming solarium, filled with natural light and offering a peaceful spot to enjoy meals. The two-story family room, featuring a brick fireplace, provides a cozy gathering place for family and friends. Upstairs, you'll find four generously sized bedrooms and three full bathrooms. The primary suite is a true sanctuary with new carpeting, two large walk-in closets, and a luxurious en-suite bathroom featuring a dual vanity, soaking tub, and separate shower. Two bedrooms share a Jack & Jill bathroom, and a princess suite boasts its own full bathroom. The lower level of the home is designed for entertainment and relaxation. A walk-up basement leads to a spacious recreation room, complete with a wet bar, ideal for hosting gatherings. Movie enthusiasts will appreciate the theater room, while fitness enthusiasts will find the exercise room perfect for their needs. For those looking for a bit of friendly competition, there is even space for a pool table. Outdoor enthusiasts will delight in the beautiful patio overlooking the spacious private backyard, perfect for outdoor entertaining and barbecuing. The convenience of this location is unparalleled, with easy access to the toll road, Route 50, Dulles Airport, and Loudoun County's tech center or Reston. Additional features of this home include a 3-car side-load garage, brand new carpeting on the upper level, hardwood floors on the main level, fresh paint in 2024, two staircases, and recently replaced HVAC units and roof. In conclusion, 43576 Warden Dr in Loudoun Valley Estates presents a remarkable opportunity to experience luxurious living at its finest. With its high-end finishes, ample space, and convenient amenities, this home offers the perfect combination of comfort and style. Don't miss out on the chance to make this exquisite property your forever home. If you are selling your home, call Rajeev Vashist at (703)927-0606 about the market conditions in your neighborhood. Selling Your Home Buying a Home
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