For Home Sellers

Found 19 blog entries about For Home Sellers.

Interest rates are historically low right now, but they are starting to rise again. Currently, mortgage interest rates are 38% lower than they were just 10 years ago! With projected interest rates around 4.3% for 2017, it is an excellent time to make any sort of real estate transaction.

Just a year ago rates were around 3.5%. This February they are hovering around 4.1%. In just a simple half percentage point, the monthly payment rises around $50 without even counting the interest, that is a cost of $18,000 over the life of a 30 year fixed loan! If you are thinking of waiting it out to adjust your finances to buy a new home, contact a REALTOR* and go over your options.

REALTORS* have many connections and can help figure out the best way to get you

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should-i-sell-my-house                                                                                                                                                                                                                                     Fantasista/iStock

No matter how many fond memories you’ve accumulated in your home, there may come a time when you start wondering: Should I sell my place? Maybe it’s because your local real estate market is booming and you stand to score a sweet payout. Maybe you’re relocating. Or your expanding family has outgrown your space. Or you’re just looking for a change of scenery. But questioning is easy; deciding to put your house on the market is tough.

Here are some steps to help you pinpoint when the time is right.

How

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                                                      Rain or shine the JPG team is making real estate sales happen. There is no off season!!
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Do You Have Equity on Your Side?

 

When the housing bubble burst, home values plummeted, sending many mortgages underwater. Thankfully, the tide has turned: According to RealtyTrac, negative equity rates are at their lowest level since peaking in 2012.

• As of the end of the third quarter, 16.9 percent of U.S. homeowners with a mortgage are underwater, down from a peak of 31.4 percent in 2012 Q1.
• The negative equity rate is less than half of its peak value in 23 of the largest 35 metro areas.
• Negative equity is forecasted to fall further, projected to be 15.2 percent in 2015 Q3.
• 1.9 percent of homeowners with a mortgage remain significantly underwater, owing more than twice their homes’ value.

A word of advice: Don’t try to figure out

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Consumer Optimism a Good Sign for the Housing Market

"Consumers are as positive about their personal finances at the start of 2015 as they have been since we launched the National Housing Survey in 2010, and this optimism seems to be spilling over into housing market attitudes," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "Consumers are more optimistic about the environment both for buying and for selling a home today, and the share who plan to own on their next move has jumped back up, reversing a three-month trend toward renting. These results are in line with lender optimism about future growth in their mortgage origination business, as shown in our Mortgage Lender Sentiment Survey™. Overall, these are good signs

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5 Reasons to Sell Your Home Before Spring

No Matter What The Groundhog Says... You Should Sell Before Spring!

Is spring closer than we think? Depending on which Groundhog you witnessed, you may have less time than you think to get your home on the market before the busy spring season. Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

5 Reasons to Sell Now

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are currently more prospective purchasers looking at homes than at any other time in the last 12 months, which includes

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Current Housing Supply and Demand

Housing Demand

According to research at the National Association of Realtors (NAR), buyer activity in January was three times greater than it was the prior year. Home buyers who are ready, willing and able are in the market at surprising numbers.

 

Housing Supply

The most recent Existing Home Sales Report from NAR revealed that the months’ supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year!

 

So what does this mean? Listing your house for sale when demand is high and supply is low will guarantee the offers made will truly reflect the true value of your property. List your home today!

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