How Waiting to Buy or Sell Can Cost You Money

July 14th, 2016

Hope you’re enjoying your summer so far and have had a chance to do some fun travel or activities.  I’m always looking for valuable information to share with my friends and clients and received the information below from a trusted associate at Cornerstone Mortgage, Chad Wade. Interest rates are fantastic right now, making it an excellent time to buy (and sell) a home.  Buyers can afford much more house right now than they can when interest rates creep.  The comparison in the link below shows you just how much more!  

If you’ve thought about upsizing, downsizing or just ready to make that move, now is a great time to leverage your investment with great interest rates.  Please give me a call if you’d like more information or have any questions.  Thanks, Donna

Here’s the link:   Cost of Waiting


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Summer Real Estate Sales

June 17th, 2016

Happy Summer! A wonderful time for school kids, teachers and REALTORS!

Real estate is a seasonal business; and the Summer real estate sales season is a busy time. It’s the time of year when more homes are sold, and those homes sell in fewer days. Tracking Days on Market is important because buyers and sellers want to know, “How many days will it take to sell my home or to buy a new home?”

First quarter of 2016, the median number of days on market was 61 days. But take a close look at the chart and check out your price point; you’ll see it varies widely. The low inventory of homes in the $100-$300K range makes this price point the fastest moving segment of the market and most competitive. With more new construction homes on the market in the $750-1M price range, the inventory has increased and the days on market has increased.