How Today’s Demand for Pet-Friendly Homes Impacts Buyers, Sellers, and Agents

It’s a steadily growing trend in real estate: the demand for pet-friendly homes. It impacts the way we create, furnish, and market homes.

Let’s explore how this phenomenon is evolving. Then we’ll look at what matters most from the perspective of a buyer, a seller, or a real estate agent.  

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“Assume” Makes a Great Deal for You and Me, Right? What to Know About Your Assumable Mortgage

Got a government-backed mortgage with an assumable loan? If you decide to sell, a buyer might jump at the chance to get, say, a 3% interest rate instead of something between 6% and 7%.

An assumable loan lets the mortgage stay on the home, even though you transfer the home’s deed to a new owner. So, you can transfer your existing mortgage along with your home’s title. Lucky buyer!

If you’re selling a home, you might point to a possible mortgage assumption among the features you advertise in your listing. And if you’re looking to buy, it could be worth the effort to seek out a home with an assumable loan in 2023 and beyond.

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