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Real Estate, Safety, and You!

by Desi Sowers

 

If you’ve seen the news in the last year you have likely seen a couple very sad stories involving real estate agents meeting unknown potential clients on a whim with little known information about them.  Our policy Pre-Approval to Begin Looking at Homes assists a REALTOR® in staying safe and knowing they are assisting a qualified potential buyer. It also keeps our sellers safe knowing qualified buyers are entering their home! 

Determining how much home you can afford, or what payment you feel comfortable with, can be a trying process. Calling lenders, looking at mortgage loan programs and interest rates can be confusing, to say the least. There is an easy way to get started, and give yourself an idea of where you stand.

I can put you in touch with a mortgage originator and we can start looking today!

 

How To Get The Most Money When Selling Your House

by Desi Sowers


 

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

How To Get The Most Money When Selling Your House | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. In that way, the seller will not be fighting with a buyer over the price, but instead will have multiple buyers fighting with each other over the house.

Realtor.com, gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This too may seem counter intuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the Economists’ Outlook Blog revealed that:

“The median selling price for all FSBO homes was $210,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $151,900. However, homes that were sold with the assistance of an agent had a median selling price of $249,000 – nearly $40,000 more for the typical home sale.”

How To Get The Most Money When Selling Your House | Simplifying The Market

Bottom Line

Price your house at or slightly below the current market value and hire a professional. That will guarantee you maximize the price you get for your house.

 

By The KCM Crew March 2016

What If I Wait Until Next Year To Buy A Home?

by Desi Sowers

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 5.5% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.5% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

What If I Wait Until Next Year To Buy A Home? | Keeping Current Matters

by The KCM Crew on March 14, 2016

New River Valley VA Real Estate For Sale

220 Wooden Shoe Court Christiansburg VA 24073

MLS# 322697

Situated in desirable Windmill Hills this home will not last long! A flowing floor plan, high soaring ceilings, spacious rooms, neutral colors, recessed lighting, gas fireplace, big windows... all this and more could be yours! The finest living starts in the vaulted great room opening into the kitchen and dining area providing relaxing entertaining space! The designer kitchen offers room for two cooks with an abundance of cabinetry and counter space, stainless refrigerator, smooth top range, a pantry and a neat pass through to the living area. Formal dining with pendant lighting and easy access to the deck is sure to please. Slip into the main level master suite with vaulted ceilings, private bathroom including spa tub, dual vanity and walk in shower. Two generously sized secondary bedrooms offer plush carpeting, plenty of closet space and share a full bathroom. The lower level family is a great place for family entertainment! A vast sized deck overlooks the large partially fenced backyard offering a great area for grilling and chilling. Attached 2 car garage with custom shelving provides great storage. With all these upgrades, modern conveniences and comfortable living spaces, this fantastic home will not last long!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Christiansburg VA home is near Huckleberry Trail, Christiansburg Recreation Center, Schools, restaurants and shopping.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

New River Valley VA Real Estate For Sale

508 Meadow Ridge Drive Radford VA 24141

MLS#322651 $219,000

Custom built by the original owners in Radfords premier High Meadow subdivision this cheerful pristine Cape Cod is a must see. Quality features including hardwood floors, tiled floors, Pergo easy care flooring, maple cabinets, Stainless Steel appliances, gas fireplace, granite, unique built ins including window seats, invisible fencing, stacked stone retaining wall and mountain views are just a few of the perks awaiting the lucky buyer! Stroll up the stamped concrete walk way where an inviting covered porch sets the scene for comfortable everyday living. An abundance of natural lighting adorns the open floor plan where living and dining are designed to meet the needs of todays busy lifestyle. Two bedrooms are conveniently located on the main floor while the master suite and an additional bedroom are on the upper level. A family room with a full bath on the lower level offer fantastic flex space. Come on over and sit on the deck but pack your bags because we are sure you will want to stay.

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Radford VA home is just steps to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

Displaying blog entries 1-5 of 5

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