Montrose, CA - As some prospective homebuyers across California still wait for mortgage rates to decline before entering the market, they may be overlooking a crucial factor: rising home prices could ultimately cost them far more than current interest rates. Market data shows that home values continue to appreciate, and delaying a purchase to wait for better rates could result in buyers paying tens of thousands more for the same property just months later.
Vic Markarian, a seasoned real estate agent in Montrose, CA, emphasizes the importance of looking at the complete financial picture. "Many buyers focus solely on interest rates, but they're missing the bigger story," says Vic Markarian. "When you factor in home appreciation, waiting for rates to drop by half a percent while prices climb five to ten percent doesn't make financial sense. You can refinance a rate, but you can't refinance the purchase price."
Markarian speaks from experience. “When I purchased my first home in Glendale in 1983, the interest rate was about 16% fixed—much higher than today’s 6%,” he recalls. “But I refinanced a few times, my payment dropped, and that same home has since increased in value by about nine times.” The principle remains the same today. “Just a few years ago, I helped my son buy a property in Montrose. He added an ADU and now rents it out—he’s thrilled,” says Markarian, underscoring the long-term financial benefits of buying sooner rather than later.
The Vic Markarian Realty Group has helped thousands of renters transition to homeownership over the past 35 years by educating them on long-term wealth building. As a top Realtor in Montrose, CA, Vic recalls his mother's advice in 1982: stop paying the landlord's mortgage and start building your own equity. This philosophy has guided his team's approach to helping clients understand that homeownership creates fixed housing costs, tax advantages, and equity growth that renting simply cannot match.
For buyers concerned about affordability, Vic Markarian, known among Realtors in Montrose, CA for innovative solutions, has successfully helped clients purchase multi-unit properties where rental income covers most mortgage payments.
The team's exceptional track record speaks volumes, with over 800 five-star reviews across Zillow, Google, and Yelp. Vic Markarian earned California's Top 10 Real Estate Agent designation—an honor achieved by less than 0.05% of agents nationwide—for several consecutive years. As a real estate listing agent in Montrose, CA, serving a community with some of the best schools in the nation, Vic and his team remain committed to putting clients' needs first.
Ready to stop paying rent and start building equity? Visit www.markarianrealty.com to connect with the Vic Markarian Realty Group and discover how homeownership can transform your financial future today.
Media Contact
Company Name: Vic Markarian Realty Group
Contact Person: Media Relations
Email: Send Email
Phone: +1 818 248 8668
Address:3237 N Verdugo Rd
City: Glendale
State: California 91208
Country: United States
Website: http://MarkarianRealty.com
