You might take a loss by selling your house now. So why do it?
THREE REASONS : “WHY SELL YOUR MIAMI HOUSE NOW?”
1) You’ll come out ahead, whether you are buying a bigger house or downsizing.
Interest rates have actually just dropped again – to 4.19%. In a recent New York Times report, Carl E. Case of the Case Shiller Index, hit the nail on the head :
“Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833 … housing has perhaps never been a better bargain.”
2) Buyers are serious about buying now. They are no longer wandering aimlessly from one open house to another. They realize that there is VALUE to be had, that there are unique buying opportunities out there… and that, coupled with historically low interest rates spurs buyers to purchase property. Real estate is a seasonal affair. The fall season is historically one of the best times for selling, and it has proved to be solid again in 2010.
3) There is considerably less inventory to pick from right now… That will probably be the case for at least the next several months… at least until lenders start releasing their backlog of foreclosed properties – and that shouldn’t be until some time after January 2011.
THREE REASONS TO SELL NOW (Applies to Buying Now too!). If you’re considering doing either, please feel free to contact us here or on either of our cellulars: 305-793-1365 or 305- 632-0164. The Restivo Team.
We know the market. We know the inventory. We look forward to working with you, and helping you move on.