A Few Good Reasons To Sell Your Coconut Grove Home Now…

October 19th, 2010 | categories: Selling Real Estate in Coconut Grove

  1. Buyers at this time of year are more serious.   In my opinion, there are fewer lookers and tire kickers.   Typically, buyers during these next few months NEED (not just want) to buy. 
  2. You may take a hit on your current home but if you are upsizing or downsizing you will make up for that loss in your next purchase.
  3. Interest rates just fell again, down to 4.19%.    Founder Carl Case, found of Case Shiller Pricing Index tells us “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.”  Hard to beat that.
  4. Inventory levels in Coconut Grove for nice, updated homes has fallen.   This means that if you have a home that is turnkey ready you will have little competition.  If you price it right, it will sell.

I know the numbers, I analyze the market, my clients make better decisions.  If you would like to buy or sell real estate in Coconut Grove and are looking for an experienced realtor, please don’t hesitate to contact me at 305.342.1623 or send me a note here.

Written by Riley Smith

This entry was posted on Tuesday, October 19th, 2010 at 11:03 am and is filed under Selling Real Estate in Coconut Grove. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. Snowball said at October 19th, 2010 at 6:26 pm

    Re: “3.Interest rates just fell again, down to 4.19%. Founder Carl Case, found of Case Shiller Pricing Index tells us “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.” Hard to beat that.”

    If mortgage rates rise 1-2% the cost of the mortgage to the next buyer will increase greatly> Who will buy your home? What would happen to the value of your home if 1980′s style stagflation were to return?

    Snowball

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