Question: What is the Best Time to Sell Your Home?

Have you ever wondered what the best time to sell your home is? Well, in today's video I answer this question:

Several months ago I met with a middle age couple, and after about an hour of consulting them on what I thought was the best strategy for them regarding the sell of their home, I began to plan to make this video.

This couple was under the impression that selling your home around the Holidays was always a bad idea, and that is best to wait until the summer.

While partly correct, the reality is that the Real Estate Market is much more complex than that. In today's video, I want to cover just one of the keys to consider when timing the market to make the most amount of money when selling your home.

In the video I rely on a recent study of over 4 million home sales to deliver some interesting statistics that could possibly help you make thousands of dollars.

We all know that the busiest season of Real Estate is in the summer just after school lets out. But, until now, did you know how to maximize this to your benefit.

After watching todays video I hope you feel confident in moving forward with whatever is best for your family.

What's Happening with North Monroe Real Estate?

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Today we have some exciting information about the North Monroe real estate market. We'll go over the whole area, which covers a lot of subdivisions. 

First off, we had 92 homes sold for under $200k. They averaged about $75 per heated foot, and they were on the market for about 83 days. 

In the $200k to $500k price range, 76 homes sold in the last 12 months. The average price was about $105 per foot, and they were on the market for about 82 days. 

We also sold 15 homes over $500k. Those homes averaged $175 per foot, and they were on the market for about 92 days. 

That's a total of well over 200 homes sold in the North Monroe area. The market is doing really well, especially in that $200k to $500k range. Houses are selling well, and prices per foot are hanging in there.

If you have any questions about today's video or about your area in particular, give me a call or send me an email. I would be happy to help you!

What Do Rising Interest Rates Mean for You?

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Today, we'll talk about what you need to know regarding rising interest rates. Rates are projected to rise starting in the fourth quarter of this year. By December 2015, rates will be at 4.3%, and by December 2016, rates will be at 5%. 

While a one percent raise might not seem like much, it can significantly affect both buyers and sellers. For example, let's say you're looking to buy a $200,000 home while rates are at 5%. If rates go up to 6%, you could only afford a $180,000 home. A one percent rise in rates is equivalent to 10% of home value.

Basically, while rates are low, more people can afford to buy your home. Low interest rates make it easier for sellers to sell their homes, and buyers will get lower monthly payments. We advise that you take advantage of these low rates now, as rates will continue to rise for the next few years. They will eventually come back down, but probably not for a few years.

If you have any questions, please give us a call or send us an email. We'd be happy to help you!