Wednesday, May 14, 2014

3 REAL Reasons to Sell Your Home Now



Many folks tell me they are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.

1. Demand is about to skyrocket
Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.
These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition - For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.
The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.
Moving up to a new home will be less expensive this spring than later this year or next year.

Call me today to find out the home prices, days on market and other information in your neighborhood so you can make the SMART decision!




Elizabeth Scott, Realtor®, Broker
BE SAVVY...CALL THE SMART REALTOR

2013 Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC      
Phone: 919.306.9699
Email

Wednesday, May 7, 2014

Triangle Green Home Tour



9th Annual Triangle Green Home Tour

Are you looking for a home that is more earth-friendly?  Want to see the latest in ways to make your current home more energy efficient?  Check out the Triangle Green Home Tour this weekend. 
Saturday & Sunday, May 10 & 11, 2014
Homes open from 12:00 PM – 5:00 PM

The Green Home Tour is an annual open-house tour of new and remodeled green certified homes throughout the Triangle, held in the Spring. 

This FREE event allows the public to tour the homes and see first hand green building practices and materials. Each home in the tour is inspected and third party verified, making sure each home meets the minimum certification requirements established by the National Green Building Standard. 

You are welcome to visit any (or all!) of the homes on Tour, in any order. See more at:   

Do you have any tips or suggestions to share with us on how to help us make our homes more energy efficient?  Add your comments here!

Looking to sell or buy your perfect next home?  Call the Smart Realtor!  


Elizabeth Scott, Realtor®, Broker
BE SAVVY...CALL THE SMART REALTOR

2013 Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC      
Phone: 919.306.9699
Email
 



Tuesday, April 29, 2014

Either Way, You're Still Paying a Mortgage!

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period.

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since prices and interest rates are still at bargain prices.

Since January, I have helped 5 clients move out of their rentals and into a bigger, better home with a LOWER MONTHLY PAYMENT!  Tired of renting?  Call the Smart Realtor today & I'll help you make the smart decision.



Elizabeth Scott, Realtor®, Broker
BE SAVVY...CALL THE SMART REALTOR!

2013 Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC      
Phone: 919.306.9699
Email