** Breaking News! - July sees interest rates go up. Homeowners can take advantage and get more value out of their home when selling. **

 

 

 Reasons Why Home Sellers Are Losing Thousands of Dollars by Not Selling Now

 

1. Volatile interest rates may cost you thousand of dollars when selling your home.

 

If you are thinking about selling or buying a home in the near future then you will want to watch the interest rates very closely. January 2008 saw a large supply of homes on the market in the Omaha area with over 5500 homes for sale. Scott Houck has been helping families sell one of their largest assets for the last eight years in the Omaha metro and says we are now entering a different era. Over the last 10 + years we have only been in a market where interest rates where declining. In fact, last year the market seemed to have bottomed out with rates that we have not seen in over forty years. As those rates went down, the cost of borrowing money for the buyers was less expensive. In turn, they could pay more for their home. Now we are seeing rates moving the other direction and that can cost you thousands when you sell (if you wait).

 

How the math breaks out:

The average home in Omaha is selling for around $173,000, but let's round up to $200,000 and make the math easier.

Example: Buyer A has $1200 per month (plus taxes and insurance) to buy your $200,000 home. Rates are at 6% - No problem SOLD!

But now the market is changing and rates hit 7%. That same Buyer A can only pay you $180,000 to keep their payment the same (and most buyers are sensitive to the payment).

Waiting to sell your home may cost you $20,000 like the example. What if it is only ˝ %? Is $10,000 a lot of money? Are you going to buy another home? Is waiting to buy costing you money?

  

Scott Houck is currently working with families just like yours and helping them sell fast and for top dollar. Exposure and marketing are key in selling your home and Scott uses a marketing plan that works.

What is My Home Worth?

 

Beside interest rates there are five other things that are costing home sellers their hard earned money. If you would like to talk to Scott about selling your home or just have general questions about real estate he would love to hear from you.  You can contact him by clicking here or call direct on his cell at 676-1008. Or take a look at the complete marketing plan. Using a full service real estate company does not cost what you think… It just might end up saving you time and money.

 

 

 

If your home is currently listed with another real estate broker, please disregard this offer.