Mortgage Rate Articles

Selling a home: When should you reduce the asking price?

There are a handful of options to choose from, though, and each has its pros and cons with respect to price, durability,

And "for sale by owner" houses tend to sell more quickly, sometimes in. How the Tax-Cut Bills Could Affect Homeownership. Another option for deciding on an asking price is to go to the federal housing finance Agency's.

 · Then if your agent does put the listing on the MLS, your home can begin at a lower price without having to endure a public price drop, which can wreak havoc on future offers. You’re still preparing your home for the market.

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After he’s signed the purchase offer and you receive notice that he’s accepted your price, you’re locked into the deal. If you find out after the fact that similar homes in the area are selling for $275,000, you’ve cost yourself $10,000. You can get a good idea of what the home is honestly worth by doing a little research first.

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Here are five instances in which you may have to offer over asking price to get the home you want: 1. It’s a seller’s market. When a housing market heats up, sellers often receive multiple offers in a matter of days or even hours. They usually accept the highest offer, so you may only get one shot at impressing a seller.

Price Reduction Script: How Far to Reduce the Home Price? If you priced your home for what you would like or need to get, you haven’t priced it to sell. Buyers don’t care what you need to get; they will pay market value for the home. So find out what.

Mortgage Rates Wednesday: Quiet on Election Anniversary The U.S. presidential election took place a year ago today, and the result led to an unexpected spike in mortgage rates. On Nov. 8, 2016, the rate on 30-year, fixed-rate mortgages was 3.75%.

Your asking price is the opening salvo in the process of selling your home, and it shouldn’t reflect what you hope or even need to get for your property. If a real estate agent helps you set the asking price, he’ll probably base his recommendation on a comparative market analysis.

How to get the best mortgage rate The best mortgage rates often appear to be those for an adjustable-rate mortgage, or ARM, but don’t be fooled: ARMs sport low initial interest rates, but they’re adjusted at certain points in time.

How much below the asking price should you offer on your next home? A third of properties are discounted by an average of 25k. Darlington, South Shields, and Middlesbrough are among the places.