Absolutely take advantage of the low interest rate climate we're in because it will not last! Especially jumbo rates which in many cases are rivaling conventional which is an anomaly. Also keep in mind with every 100 basis points rates increase (1%) a buyer's purchasing power decreases by 11% which is significant....so to all those considering buying, now is the time...and to those sellers that have been sitting on the fence waiting for home values to go up even more....you may want to rethink your strategy because once interest rates go up buyers won't be able to afford as much home so CARPE DIEM!... more
how did your dilemma get resolved? I think the renovation really depends on the how high end you go in bathrooms and kitchens. A contractor can give you a price and leave the specific appliances and fixtures separate and to be bought by you. I like RBS Construction. They are homest and spot on pricing- the best thing is how fast they work!
Bea, the question is what's important about selling to you right now. If getting the highest price is the only thing that is important, then never sell. Prices will eventually rise. If you simply need the equity you may have in the home, in you pocket, go ahead and sell. No one really knows what the market is going to do. It took NAR three years to finally admit that prices weren't going to go up in the next year.... more