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Top 4 FAQs by buyers + sellers, answered

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Photo of an expansive living room of a home with beige walls, white trim, a working fireplace, plenty of seating, and large windows at 205 Byrd Blvd., listed with Grace Herlong Loveless.

At Joan Herlong & Associates Sotheby’s International Realty, they know buying and selling of real estate comes with a lot of questions, and their team has the answers to keep you informed on today’s market.

Photo by Ben Ivins Photography

Q: When do you think interest rates will drop?
A: “Wish I had a crystal ball, but I tell my clients to love the house, date the rate. You can always refinance down the road. Home prices aren’t going down despite what interest rates do.” - Brittney Kingsmore Bolt

Q: Should I wait to buy in this market?
A: “Now is a great time to buy because you have zero competition and there’s actually inventory. As soon as rates do drop a bit, the market will be flooded with buyers and competition again.” - Grace Herlong Loveless

Q: How much do you think my house is worth? Should I sell? Zillow states X.
A: “Let an experienced listing agent walk through your home and provide a comprehensive market analysis, not a computer generated algorithm, so you can make a fully informed decision.” - Morgan Coleman

Q: How much is the HOA and are they strict?
A: “I tell clients there are many variations on cost, amenities, and restrictions. I’ll review each neighborhood’s requirements so you know going in what the responsibilities look like. If you opt for no HOA, that’s okay, too.” - Christy Henderson

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