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2 Great Reasons Why You Should Buy Now

Jeff Lang October 5, 2022

Here’s what you need to consider when buying in today’s market
The stock market is down, and interest rates are up significantly, but the sky is not falling. I’m here to tell you why and to assure you that now is a great time to buy a home.
When we look at the median sales price in San Mateo County, the numbers for August this year and last year are exactly the same. The year-over-year comparison has been flat, but we did see a peak in home prices around April, so from that period, we’re down about 15% to 20%. That’s what you’ll see the media focusing on, but the reality is home payments are quite similar to when rates were cheap.
Suppose we look at a home priced around $1.8 million at a 2.5% interest rate a year ago and compare that to buying the same home at around $1.5 million today. In that case, you could pay double the interest rate without substantially changing your financial outlook. That’s because you get to write off an equivalent amount due to the tax break. After the tax break, your net payment is almost identical. Of course, you’ll want to discuss your tax circumstances with a tax professional before you make any moves.
“You get to write off an equivalent amount due to the tax break.”
Here’s where things really get exciting: If we look three years into the future and guess at a possible refinance rate of 3.75%, you’d actually be looking at significant savings on that monthly payment. Remember that you date the interest rate, but you marry the home purchase price.
The cherry on top is actually the appreciation. If we assume a conservative growth rate over that three-year period, you could be looking at about 18% appreciation if you buy now. Someone who purchased a couple of months ago, at a higher price, might be a little bit underwater at that point.
Buying in the current market could net you a lower monthly payment and higher appreciation. If you’re considering buying, I’m here to help. Let me connect you with a great lender, and after you talk to your CPA, we’ll get you into a new home.

Jeff Lang

Jeff Lang


About The Author

Jeff Lang's career in real estate is a testament to his strategic, growth-oriented mindset and his dedication to helping clients navigate the unique landscapes of San Mateo County. With his focus on areas from Burlingame to San Carlos and Pacifica since 2011, Jeff has become an invaluable asset to those seeking the perfect balance of urban and suburban life. His appreciation for the county's temperate weather and easy access to a plethora of outdoor activities resonates deeply with his clientele, who seek both the vibrancy of urban living and the tranquility of suburban spaces.

Beginning his journey in commercial real estate in San Francisco in 1997 and later transitioning to residential real estate in La Jolla, Jeff has honed a deep understanding of the industry. Known for his professional, caring, and patient approach, he brings a results-oriented and responsive attitude to every transaction. Jeff's unique strength lies in his ability to outperform competitors by leveraging his extensive experience and education.

Jeff leverages his education having received his JD and an MBA, alongside numerous real estate certifications including Master Certified Negotiations Expert and Certified Luxury Home Marketing Specialist, enabling him to devise winning strategies for each transaction. His approach not only ensures success but also puts his clients at ease, earning their trust and loyalty.

Outside of real estate, Jeff's life is as dynamic and multifaceted as his professional pursuits. His hobbies range from trail running and hiking with his dog to playing golf, tennis, and pickleball, and he's an enthusiastic Peloton user. A proud graduate of law school at the age of 42 and an Ironman triathlon finisher, Jeff's achievements speak to his determination and commitment. These qualities, combined with his professional expertise, make him an exceptional choice for buyers, sellers, and investors—especially in the $2m+ range—who are looking for more than just a transaction but a partnership with a seasoned expert who will turn them into raving fans.

In his over two decades in real estate, Jeff is most proud of partnering with his clients to build the life of their dreams. It helps that Jeff is a negotiations shark, having competed nationally as president of the negotiations team in law school and as a Master Certified Negotiation Expert (MCNE). His MBA and JD also give him and his clients a competitive advantage in every transaction, leading to his listings selling for 4.8% more than the average San Mateo County agent and offers getting accepted 6x more frequently.

If you are looking for an agent who will take on your goal as their own and be relentless in their pursuit of achieving that goal, then you want Jeff as your partner. He’s completed five marathons, including one in Antarctica, and dozens of triathlons, including an Ironman. His passion for taking on a challenge and grinding away to craft creative solutions is unparalleled. Jeff has a natural talent for putting things in perspective, keeping your eye on the prize, and clarifying the strategy to provide opportunities for success in your transaction.

A few of Jeff’s other certifications include NAR’s ePro for advanced digital marketing and NAR’s Green Designations for sustainability in real estate, Pricing Strategy Advisor (PSA) certification, Keller Williams’ BOLD program, and Tony Robbins’ Mastery University. He is also a member of the Institute for Luxury Marketing. These help him and his clients outpace the competition by selling at a higher price and getting offers accepted more often. This track record and partnership continue to provide repeat and referral business, the basis for his growing business.

Reach out to Jeff for a free consultation to discuss your real estate goals. He would be happy to make your goals his and utilize his extensive experience to make it happen.


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If you're looking for a reliable real estate advisor in California, consider contacting Jeff Lang. He offers a free consultation to discuss your real estate goals and help you achieve them using his vast experience in the field.