Hey read this article today:Higher Rates Could Raise Housing Costs 15% DAILY REAL ESTATE NEWS | TUESDAY, FEBRUARY 20, 2018 If mortgage rate forecasts pan out, home buyers might see their mortgage
Home Owners And Home Sellers Beware
I wanted to share with you a very short story regarding one of the homes I recently listed and SOLD in record time. An Owner contacted me regarding the sell of his home. After asking a few questions an appointment was set. I immediately started doing some extensive research regarding the surrounding Market condition. I discovered without previewing the property that the current fair market value was about $365,000. Upon arrival however, based on my 23 years experience I realized that I could possibly get the seller a higher price then first anticipated. So I recommended to the seller that we start marketing his home at $383,000. Within the first day on the market, I received a solid offer from a buyer putting 20% down and fully qualified for $390,000.
Below I have the infamous Ziestimate from Zilow. They estimated that the property was only worth $290,264. That is $100,000 less then we actually sold it for. I can't stress enough the importance of hiring a professional and Experienced Real Estate agent when deciding to sell your home. With that said, if you want to know what your true home value is please contact me for a FREE home value report.