Piatt Sotheby's INTERNATIONAL REALTY IF YOU ARE CONSIDERING BUYING OR SELLING A HOME IN THE SEWICKLEY AREA. CALL KATHE! Ask Kathe - Your Local Realtor® DEAR KATHE, HOW DO THE INTEREST RATES AFFECT MY ABILITY TO BUY A HOME? SHOULD I WAIT FOR RATES TO COME DOWN BEFORE MOVING? Interest rates directly impact the affordability of a mortgage, as they affect your monthly payments and the total cost of the loan. Higher interest rates lead to higher payments, which can limit the price range of homes you can afford. Conversely, lower interest rates reduce monthly payments, making it easier to afford a more expensive home. However, waiting for interest rates to drop is probably not advisable. Real estate markets are dynamic, with home prices increasing over time. By waiting for lower rates, you will likely find that home prices have risen, negating any benefit from the lower rates. Additionally, the timing of rate changes is uncertain, and waiting could mean missing out on current opportunities. The interplay between interest rates and home prices means that delaying your purchase could lead to higher overall costs. Additionally, lower rates will bring more buyers to the market and if buyer demand outpaces supply (as it has been recently), waiting could result in fewer available options, higher competition among buyers and even higher prices. It's generally better to focus on your personal financial situation and housing needs rather than trying to predict market movements. If you find a home that fits your budget and meets your needs, buying now can provide stability and allow you to start building equity at today's prices. Fixed-rate mortgages offer the advantage of predictable payments, and if rates fall in the future, refinancing can provide a path to lower payments. The key is to make a decision based on your personal circumstances rather than trying to time the market perfectly. ASK KATHE CAN ALSO BE READ AT WWW.ASKKATHE.COM Kathe Barge 25 ASSOCIATE BROKER JD, CRS, ABR. CNE, SRES 412.779.6060 (M) 412.939.7000 (0) kbarge@plattsir.com kathebarge.com Each Office is independently Owned and Your Smart Choice for Real Estate For Wherever You Are, & Wherever You Want to Be Kathe Bag Platt Sotheby's AVAILABLE PROPERTIES 47 Woodland Road SEWICKLEY $2,500,000 Privacy in Sewickley Village? Almost unheard of, but this 3.8-acre estate offers just that. This landmark 1905 Sewickley Village home is ready for its next chapter. Create your own dream home at this exclusive property. JUST LISTED! 1608 Bradsberry Lane BELL ACRES $1.195.000 15.9 acres of gently rolling partially wooded acreage with a newer arts and crafts style home. offering 4 bedrooms, 3.5 baths, walk-out lower level, covered front porch, open floorplan. On- site pond, room for horses. The epitome of privacy, Geothermal HVAC systems. NEW PRICE! 400 Centennial Avenue #8 SEWICKLEY VILLAGE $2,475,000 The ultimate address for low-maintenance living in the heart of Sewickley Village, this stunning 2-bedroom, 2.5-bathroom second-floor comer unit boasts impeccable craftsmanship and up- scale finishes. With only 12 bespoke residences. seize this last opportunity to experience luxury living at its finest in Sewickley. NEW PRICE! 215 Frederick Avenue SEWICKLEY VILLAGE - $695.000 Discover the allure of 215 Frederick Avenue in Sewickley Village. From the inviting porch to the stylish kitchen, this thoughtfully designed home strikes the ideal balance between modern living and classic charm. 3 bedrooms, 2.5 baths. 1-car garage Piatt Sotheby's INTERNATIONAL REALTY THE Robyn Jones GROUP REAL ESTATE ADVISORS NOTHING COMPARES. Robyn Jones REAL ESTATE ADVISOR 412.973.7277 (M) 412.939.7000 (0) rjones@piattsir.com 1850 Glen Mitchell Road SEWICKLEY HEIGHTS . $2,000,000 471 School Street SEWICKLEY $1,650.000 4 BD, 3 FULL & 1 HALF BA 3 BD. 3 FULL & 2 HALF BA Platt Sotheby's International Realty 519 Broad Street, Sewickley, PA 15143 412.939.7000 (0) Each Office is Independently Owned and Operated. adne 335872 Piatt Sotheby's INTERNATIONAL REALTY IF YOU ARE CONSIDERING BUYING OR SELLING A HOME IN THE SEWICKLEY AREA . CALL KATHE ! Ask Kathe - Your Local Realtor® DEAR KATHE , HOW DO THE INTEREST RATES AFFECT MY ABILITY TO BUY A HOME ? SHOULD I WAIT FOR RATES TO COME DOWN BEFORE MOVING ? Interest rates directly impact the affordability of a mortgage , as they affect your monthly payments and the total cost of the loan . Higher interest rates lead to higher payments , which can limit the price range of homes you can afford . Conversely , lower interest rates reduce monthly payments , making it easier to afford a more expensive home . However , waiting for interest rates to drop is probably not advisable . Real estate markets are dynamic , with home prices increasing over time . By waiting for lower rates , you will likely find that home prices have risen , negating any benefit from the lower rates . Additionally , the timing of rate changes is uncertain , and waiting could mean missing out on current opportunities . The interplay between interest rates and home prices means that delaying your purchase could lead to higher overall costs . Additionally , lower rates will bring more buyers to the market and if buyer demand outpaces supply ( as it has been recently ) , waiting could result in fewer available options , higher competition among buyers and even higher prices . It's generally better to focus on your personal financial situation and housing needs rather than trying to predict market movements . If you find a home that fits your budget and meets your needs , buying now can provide stability and allow you to start building equity at today's prices . Fixed - rate mortgages offer the advantage of predictable payments , and if rates fall in the future , refinancing can provide a path to lower payments . The key is to make a decision based on your personal circumstances rather than trying to time the market perfectly . ASK KATHE CAN ALSO BE READ AT WWW.ASKKATHE.COM Kathe Barge 25 ASSOCIATE BROKER JD , CRS , ABR . CNE , SRES 412.779.6060 ( M ) 412.939.7000 ( 0 ) kbarge@plattsir.com kathebarge.com Each Office is independently Owned and Your Smart Choice for Real Estate For Wherever You Are , & Wherever You Want to Be Kathe Bag Platt Sotheby's AVAILABLE PROPERTIES 47 Woodland Road SEWICKLEY $ 2,500,000 Privacy in Sewickley Village ? Almost unheard of , but this 3.8 - acre estate offers just that . This landmark 1905 Sewickley Village home is ready for its next chapter . Create your own dream home at this exclusive property . JUST LISTED ! 1608 Bradsberry Lane BELL ACRES $ 1.195.000 15.9 acres of gently rolling partially wooded acreage with a newer arts and crafts style home . offering 4 bedrooms , 3.5 baths , walk - out lower level , covered front porch , open floorplan . On- site pond , room for horses . The epitome of privacy , Geothermal HVAC systems . NEW PRICE ! 400 Centennial Avenue # 8 SEWICKLEY VILLAGE $ 2,475,000 The ultimate address for low - maintenance living in the heart of Sewickley Village , this stunning 2 - bedroom , 2.5 - bathroom second - floor comer unit boasts impeccable craftsmanship and up- scale finishes . With only 12 bespoke residences . seize this last opportunity to experience luxury living at its finest in Sewickley . NEW PRICE ! 215 Frederick Avenue SEWICKLEY VILLAGE - $ 695.000 Discover the allure of 215 Frederick Avenue in Sewickley Village . From the inviting porch to the stylish kitchen , this thoughtfully designed home strikes the ideal balance between modern living and classic charm . 3 bedrooms , 2.5 baths . 1 - car garage Piatt Sotheby's INTERNATIONAL REALTY THE Robyn Jones GROUP REAL ESTATE ADVISORS NOTHING COMPARES . Robyn Jones REAL ESTATE ADVISOR 412.973.7277 ( M ) 412.939.7000 ( 0 ) rjones@piattsir.com 1850 Glen Mitchell Road SEWICKLEY HEIGHTS . $ 2,000,000 471 School Street SEWICKLEY $ 1,650.000 4 BD , 3 FULL & 1 HALF BA 3 BD . 3 FULL & 2 HALF BA Platt Sotheby's International Realty 519 Broad Street , Sewickley , PA 15143 412.939.7000 ( 0 ) Each Office is Independently Owned and Operated . adne 335872