HOMES
CONSIDERING SELLING
Are low inventory and plentiful buyers prompting you to sell ? Check out a few more reasons it makes sense to move according to Realtor . com :
of homeowners want to take advantage of the current market as they can make a profit with the accumulated equity .
of homeowners feel their home no longer fits their needs .
realize they want different features or amenities .
want to live closer to friends and family .
want a smaller house with less work .
WHERE TO START … Contact your real estate agent for a painless walk-through of the selling process . Take advantage of the expertise they offer regarding correct pricing , readying your home to stand out from the competition , and share their resources for organization , carpentry , lawn maintenance , and pre-inspection services .
SCAN TO CONTACT YOUR AGENT .
CONSIDERING BUYING
Interest rates may never again reach the all-time lows of 2-3 %. Rather than merely waiting for better rates , consider this list of well-known mortgage rules that home buyers should now consider breaking .
RULE ONE - Get a 30-year fixed mortgage rate . Consider an ARM that will allow for a lower rate but be sure to have an exit strategy with this type of product . Strategies include a plan to refinance to a fixed term mortgage once rates go lower , sell the home , or convert it into an investment property that is income producing .
RULE TWO - You must have a 20 % down payment . This is definitely not required ; many different types of loans have low down payment options .
RULE THREE - Don ’ t ask sellers to pay closing costs . Negotiate closing costs and use the extra dollars to buy down the interest rate .
Source : Realtor . com 3