Monday, April 4, 2016 / by Dawn Malloy
Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows.
Sellers should realize that waiting to make the move when mortgage rates are projected to increase probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs.
Here is a chart detailing this point:
According to Freddie Mac, the current 30-year fixed rate is currently around 3.75%.With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, by $10,000).
Freddie Mac predicts that mortgage rates will be closer to 4.7% by this time next year.
Act now to get the most house for your hard-earned money. ...
Wednesday, November 18, 2015 / by Dawn Malloy
Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you receive maximum value for your house? Here are two keys to insuring 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)
Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so 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.
In a recent article on realtor.com, they gave this advice:
“Aim to price your property at or just slightly below the going . ...
Thursday, August 7, 2014 / by Dawn Malloy
Just Listed in the sought after community of Evergrene. 164 Evergrene Parkway, Palm Beach Gardens Florida 33410. 3 bedroom, 2.5 bathroom and a 2 car garage with fabulous views of Evergrene's 36 acre lake. Evergrene is known for its resort styly amenities inclusive of live music on Friday nights at the tiki bar, steel drum bands poolside on the weekends and movie nights on the beach. This townhome is offered at $274,500. Open House this Sunday from 2-4pm. Call Dawn at 561-876-8135 for details.