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Denise Laugesen REALTOR® (650) 465-5742

Cortney Laugesen REALTOR® 650-678-5084


April 24, 2023

Think Twice Before Waiting for Lower Home Prices or Interest Rates.

The dream of owning a home is something that most people aspire to achieve at some point in their lives. However, deciding when to take the plunge and purchase a home is often complicated by the desire to wait for lower home prices. While waiting for a better deal may seem like a wise choice, there are several factors to consider before deciding to hold off on buying a home.

First and foremost, it is important to understand that trying to time the housing market is risky. Home prices can be affected by a multitude of factors, such as the economy, interest rates, and supply and demand. Trying to predict how all of these factors will interact with one another can be challenging, if not impossible.

Furthermore, waiting for lower home prices may result in missed opportunities. For example, interest rates may rise, making it more difficult to secure a mortgage with a low-interest rate. Additionally, the cost of renting a home may increase, making buying sooner rather than later financially more attractive.

Another consideration is that regional and local factors can influence housing prices. While waiting for a dip in national housing prices may be tempting, your local market may not follow the same trend. Thus, the timing of purchasing a home may ultimately depend on where you live.

Moreover, delaying the purchase of a home can have hidden costs. For instance, if you continue renting, you may be losing out on the tax benefits of homeownership, such as mortgage interest deductions. Additionally, if you wait too long, you may end up spending more on rent than you would have spent on a mortgage payment.

Ultimately, the decision of when to purchase a home should be based on your personal circumstances and financial situation. If you have a stable job and plan to stay in the area for several years, buying a home may make sense regardless of current housing prices. Conversely, if you are uncertain about your future plans or your job stability, it may be wise to hold off on purchasing a home until your circumstances become clearer.

In conclusion, while waiting for lower home prices may seem like a sound strategy, it is important to consider the risks and hidden costs involved. Instead, focus on your personal circumstances and financial situation when deciding whether to purchase a home. By doing so, you will be better equipped to make an informed decision that is right for you.


IF YOU ARE THINKING ABOUT SELLING your Bay Area property, it is important you hire a real estate team of professionals with an extensive portfolio of home sales, a significant list of happy clients and a history of excellence.

The Laugesen Team has the experience, connections and creativity to list and sell your distinctive property successfully.

• Pricing for Success
• Prepare for Top Sale
• Impressive Marketing
• State of the Art Technology
• Network with other High-End Agents

• Always available to show qualified buyers and agents.
• Schedule Open Houses and Broker’s Tour
• Follow-Up Quickly and Consistently
• Immediately respond to all leads.
• Encourage serious buyers to make serious offers.
• Facilitate the closing process to ensure a successful, competitively priced, stress-free sale.

By cortney
January 5, 2023

7 Steps to Successful Home Buying this 2023!

Is buying a house on your to-do list this 2023? We love helping our clients turn their dreams of homeownership into a reality!

It’s essential to develop good habits right away, so you’re ready when the right home comes along. Here are seven steps you can take right now to help ensure you don’t hit any roadblocks during your home-buying journey.

Step One

Your Finances

Getting your finances in order is the very first thing you need to do before you can consider buying a home. Start with these tips:

  • Open a “new home savings” account and start making deposits
  • Start paying down your debts and avoid opening any new credit accounts
  • Resolve to pay all of your monthly bills on time
  • Write down your budget and stick to it
  • Check your credit report and make sure it’s accurate

Each of these things takes time. The sooner you start, the better shape you’ll be in when you find your new home.

Step Two

Save for a Rainy Day

Get a better idea of whether you’ll be able to afford the home you want by pretending your bills have already gone up. Set the extra money aside each month to have an emergency fund saved before you buy a home.

Step Three

Set Realistic Expectations for a Successful Home Buy

Shopping for a home will be much more productive (and more fun!) if you have a clear idea of your goals. Make a list of all the features you want in a home and any that you don’t. This will help keep you from wasting time looking at places that aren’t right for you.

While it’s OK to make a “dream home” list, make sure you’re realistic about your “must-haves.” Trying to buy a champagne house on a bottled water budget will only lead to disappointment.

Step Four

Get a Great Agent

Whether you’re a first-time or experienced home buyer, working with a great real estate agent can have a considerable impact on a successful home buy. It’s essential to be picky about who you choose. Ask for recommendations from friends and family, check references, and read reviews before committing to a contract.

Step Five

Give Yourself Plenty of Time

Buying a home is a huge commitment. The last thing you want is to jump into something without thinking it through or feel pressured to buy something that’s not quite right. Make sure this doesn’t happen to you by leaving yourself plenty of time to explore your options.

Homes come on and off the market, so plan to set aside some time every week for home shopping. Visit open houses to have a good idea of what types of homes are currently available on the market.

Step Six

Be Prepared for a Successful Home Buy

The housing market moves fast, and if you’re not ready, you could miss out on your perfect home. Ensure you’re prepared by shopping for a mortgage ahead of time and making sure you’re pre-approved. Organize your tax and financial documents so you’re ready when it’s time to submit your mortgage application.

Step Seven

Be Flexible

While it’s great to have an idea of the type of home you want, don’t be too rigid about it. If you’re willing to have an open mind, you might find that the perfect home wasn’t what you expected. Going with the flow and being flexible is a key components to a successful home buy.


Buying a home can seem like a scary task. With the right resources and guidance, you can and will be successful in buying a home.

By cortney
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