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Consider Resetting Your Mindset Over Today’s “High” Rates

Jeff Lang April 13, 2023

 
High interest rates don’t have to keep you from the home of your dreams.
 
Are you stuck in a home that doesn’t quite fit your needs because you’re worried about high-interest rates? It’s time to shift your mindset and think about the potential benefits of downsizing.
 
While interest rates have historically been over 7%, let’s take a conservative approach and assume a 6% interest rate. Instead of worrying about the increase in interest rates when purchasing a new home, consider the potential savings over time.
 
“Don’t let high interest rates hold you back from finding your dream home.”
 
Over the last ten years, interest rates averaged around 4%. For example, if you purchased a $1 million home with 20% down, the difference between a 4% and 6% interest rate would be around $1,000 a month. That’s $12,000 a year or $120,000 over the last ten-year period that you’ve saved. That extra cash can be applied to a larger down payment or used to pay off higher interest rates now. Plus, you can always refinance when rates inevitably go back down.
 
By taking advantage of the potential savings, you can comfortably move into the ideal home that suits your current needs. Don’t let high-interest rates hold you back from finding your dream home.
 
Remember, if you have any questions about this topic or real estate in general, please don’t hesitate to reach out to me by phone or email. I would be happy to help you with all of your real estate needs.

Jeff Lang

Jeff Lang

REALTOR®

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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