Interest Rates on the Rise

You may have heard the rumors that the federal reserve may quit buying bonds. This seems to be a point of some speculation, but interest rates have begun to rise nonetheless and are not likely to go back down.

So, what does this mean for the real estate market?

For Buyers, this means that on a $100,000 loan the payment would go up $30.00 per month just for principal and interest for a total of $10,800 over a 30 year period.  On a $200,000 loan these numbers double.  Buyers should consider locking in their rates if they have not already done so.  There could be a cost to lock in which is dependent on the lender and length of the lock in.  Contact your real estate agent to discuss what this means and to get more information.

For Sellers, the impact is much greater.  It is possible some potential buyers may be lost because the payment has gone up.  If selling and purchasing a new home at the same time, consider dropping the asking price.  If the asking price is dropped by $3000 and then the new home is purchased, this would save approximately $18,600 because they would have gotten the locked in interest rate on the purchase of their new home. 

The statement "now is the time to buy" has never been more true.  Rates will most likely continue to rise and may never be below 4% again.  Contact your real estate agent today find out more about what this means for you and to discuss your options.

Spacious Broadmoor Home for Sale

Just Listed!

This wonderful Broadmoor home is great for entertaining!  It offers a media room, huge kitchen with a large island with sink, ceramic tile floors, fresh paint throughout, a large utility room, and a fully fenced backyard with a patio.  This home is convenient to just about everything: restaurants, shopping, doctors, Barksdale AFB, Youree Drive, I-20 and I-49.   Located in Shreveport's Broadmoor subdivision, this home is spacious at 2972 SF with 4 bedrooms and 3 baths.  Check out the virtual tour below or visit this home's website to learn more!



Get more information and photos about this home or shop for homes in the Shreveport / Bossier City area at my website, www.ShreveportRealEstate.biz.

New Listing - Home For Sale in Broadmoor

I am so excited to be able to bring you this new listing in Broadmoor.  This is a spacious home with new carpet, ceramic tile floors in the living and kitchen, ceramic tile counters in the kitchen, a den with a fireplace and an office area.  There are 2 bedrooms downstairs and an additional 2 bedrooms upstairs along with a large bonus room that could be used as a fifth bedroom or media room.  You will enjoy relaxing on the patio next to this sparkling pool this summer!  The patio is covered by a large pergola offering lots of shade and landscaping options.  Take a look at the virtual tour below or visit this home's single property website to learn more!




Contact me today to schedule your private showing of this home.  Or, if you have questions about buying or selling a home, give me a call!  I would enjoy the opportunity to speak with you about your available options.

Welcome to My Web Site

Hi!  I'm Gary the Realtor.

I'm a Realtor with River Cities Realty SB.

My desire is to help sellers and buyers connect and fulfill their real estate needs. I utilize real estate photography professionals and cutting edge High Definition full screen virtual tour technology. Our effective internet and traditional marketing techniques result in maximum high end exposure of your property. Not only does our technology look the best, it also ports to the most number of websites that feature real estate properties for sale. We will also attach a special sign rider to your yard sign leading people to a website dedicated to your property.

Contact me, and together we will find the perfect home for you.