MOVING UP? DO IT NOW!

Moving Up? Do It Now | The KCM Crew

A recent study revealed that the number of existing home owners planning to buy a home this year is about to increase dramatically. Some are moving up, some are downsizing and others are making a lateral move. Another study shows that over 75% of these buyers will, in fact, be in that first category: a move-up buyer. We want to address this group of buyers in today’s blog post.
There is no way for us to predict the future but we can look at what happened over the last year. Let’s look at buyers that considered moving up last year but decided to wait instead.
Assume they had a home worth $300,000 and were looking at a home for $450,000 (putting 10% down they would get a mortgage of $405,000). By waiting, their house appreciated by approximately 10% over the last year (based on the Case Shiller Pricing Index). Their home could now sell for $330,000. That would mean an additional $30,000 in equity assuming they didn’t incur any expenses in selling the home.
But, the $450,000 home would now be worth $495,000. Adding the original 10% down payment ($45,000) to the additional equity ($30,000), they would now have a $75,000 down payment. That would still need a mortgage of $425,000.
Here is a table showing what additional monthly cost would be incurred by waiting:
Moving Up? Do It Now | The KCM Crew
According to the Home Price Expectation Survey, home prices are projected to appreciate by approximately 6% over the next eighteen months. Interest rates are also expected to rise by as much as another full percentage point in that same time period according to FreddieMac. If your family plans to move-up to a nicer or bigger home, it may make sense to move now rather than later.

THE DAYS IN REAL ESTATE

THE REAL ESTATE MARKET HAS CHANGED AND IS STILL CHANGING. IN TODAYS WORLD YOU CAN USE YOUR PHONE LIKE YOU WOULD YOUR COMPUTER. PICKING UP MESSAGES ASAP, LOOKING UP LISTINGS FOR CLIENTS WHILE YOU ARE IN THE CAR. SEND AN E-MAIL
YOU CAN EVEN SEND A SETTLEMENT SHEET FROM YOUR PHONE. YOU CAN SHOW GRAPHS OF SALES IN NEIGHBORHOODS, MAPS OF SURROUNDING AREAS. IT IS REALLY GREAT FOR AGENTS ON THE GO.

WHEN I LOOK BACK, HAVING BEEN YEARS IN REAL ESTATE, I LAUGH AT HOW DID WE MAKE A LIVING. WE HAD TO SEND THE LISTING BY MAIL TO TREND HEADQUARTERS, THEY WOULD PUBLISH THEM IN THE MLS BOOK AND MAIL IT TO US ONCE A WEEK. IT WAS DIFFICULT, BY THE TIME THE BOOK GOT TO US, SO MUCH HAD BEEN SOLD.

TODAY WITH ALL THE COMPUTERS. PHONES, IPADS OF ALL SORTS YOU COULD BE SITTING IN A DOCTOR’S OFFICE SELLING A HOME.

ISN’T MODERN TECHNOLOGY GREAT, YOU AS THE SELLER AND BUYER HAVE SUCH AN ADVANTAGE IN TODAYS MARKET. SO GET YOUR TEXT SAVY AGENT, MARY ANN GRABOYES. AND GET INTO THE WORLD OF BUYING THE HOME OF YOUR DREAMS, OR SELLING YOUR HOME AND MOVING FORWARD.

CALL ME AT 215-416-5969
MARY ANN GRABOYES
COLDWELL BANKER PREFERRED

Great Article – 5 Reasons to Sell Now!

5 Reasons to Sell Now!

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5 Reasons to Sell Now!

Posted: 02 Jun 2014 04:00 AM PDT

5 Reasons to Sell Now | The KCM Crew

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are five of those reasons.

1. Demand is Strong
There is currently a pent-up demand of purchasers as many home buyers pushed off their search this past winter because of extreme weather. According to the National Association of Realtors (NAR), the number of buyers in the market, which feel off dramatically in December, January and February, has begun to increase again over the last few months. These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition Now
Housing supply is still under the historical number of 6 months’ supply. This means that, in many markets, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future. Also, new construction of single-family homes is again beginning to increase. A recent study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker
One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker and simpler.

4. There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate in the low 4’s right now. Rates are projected to be over 5% by this time next year.

5. It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market and pricing it so it sells. Perhaps, the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

HOMES ARE SELLING-CALL ME NOW!!

HOMES ARE SELLING:
I JUST SOLD A HOME IN THE COMMUNITY HIGHGATE IN HORSHAM, PENNSYLVANIA; UPSCALE HOMES BUILT BY ORLEANS BUILDERS. THIS HOME WAS 5200 SQ FEET WITH A WALK OUT BASEMENT. HARDWOOD FLOORS ON THE FIRST FLOOR AND NEW CARPETING ON THE SECOND FLOOR. 5 BEDROOMS AND 4.5 BATHS. THEY ADDED THE SUNROOM AND ALSO A GARDEN ROOM OFF THE KITCHEN. THE MASTER SUITE IS THE LARGEST I HAVE SEEN, THE BEDROOM AND SITTING ROOM HOLDS MUCH FURNITURE AND YOU STILL HAVE PLENTY OF ROOM.
THEY JUST PUT IN FLAG STONE PATIO FROM THE FRONT DOOR TO THE BACK DOOR, WITH A BEAUTIFUL STONE PATIO. MUCH STORAGE, LARGE CLOSETS.
IT HAS A BEAUTIFUL LARGE YARD AND A THREE CAR GARAGE. THERE HAS NOT BEEN A SALE IN THIS COMMUNITY FOR THREE YEARS!

CALL ME ABOUT OTHERS I HAVE, I CAN SELL YOUR HOME.

MARY ANN GRABOYES- REALTOR*
215-416-5969

SO MANY FABULOUS OPEN HOUSES THIS WEEK-END

Come on out and see the fabulous listings open for open houses this week=end

Beautifully built Carriage Homes , in Blue Bell only a few years old. 4,000 square feet

LOFT FINISHED SOME BASEMENTS FINISHED. THE ONLY WORDS TO DISCRIBE THESE CARRIAGE HOME ARE ELEGANT. BUILT BY PREMIER BUILDER PHILOMENO / SALAMONE.

GORGEOUS HARDWOOD FLOORS, ALL TOP OF THE LINE KITCHENS AND BATHROOMS. TIME TO GET RID OF THOSE BIG HOMES AND SCALE DOWN, NEVER MOW LAWNS JUST ENJOY YOUR PATIO. BOTH HAVE QUIET LOCATIONS.

COME AND SEE ME

 

MARY ANN GRABOYES

215-416-5969

1-3 THIS SUNDAY

 

 

 

 

 

 

 

THE EXPLANATION OF THE REAL ESTATE MARKET!

THE MARKET HAS CHANGE TREMENDOUSLY. THE BUYERS ARE VERY EDUCATED AND KNOW EXACTLY HOW TO GO ABOUT SEARCHING OUT THE PROPER HOMES<AND MOVE FORWARD FROM THERE< THE BUYERS ARE GREAT TO WORK WITH, WORKING WITH BUYERS WHO HAVE DONE THEIR HOME WORK MAKES IT ,EASIER TO EXPLAIN THE INS AND OUTS OF GETTING THAT  HOME.

IT MAKES FOR AN EASY TRANSITION.

 

THE SELLERS TODAY ALSO ARE WELL READ ON THE MARKET AND READ ALL THE ARTICLES THAT ARE PRINTED AND CIRCULATED ABOUT WHAT IS HAPPENING IN THE MARKET PLACE.SELLERS ARE BEGINNING TO UNDERSTAND THAT THEIR HOMES MUST BE READY TO BE PLACED ON THE MARKET.’ SOME HOMES ARE READY IMMEDIATELY AND OTHERS NEED TO BE (DECLUTTERED) NOTHING SHOULD BE LYING AROUND. CLOSETS SHOULR BE NEAT AND CLEAN. GARAGES AND BASEMENT ALL CLEANED. WINDOWS SPARKLING. FLOORS WHETHER WOOD, CARPET OR LAMINATE SHOULD BE CLEANED OR REPLACED. PAINTING IS VERY IMPORTANT. IF BATHROOMS ARE OLD, GO TO LOWE’S, THEY HAVE WHOLE SETS TO REPLACE BATHROOMS.KITCHENS SPARKLE THEM UP, IF NEW APPLIANCES ARE NEEDED THE INVESTMENT WILL BE WORTH IT,  BACK SPLASH, NEW APPLAINCES A BRIGHT NEW KITCHEN IS VERY IMPORTANT.  NOW LETS GO TO THE CURB APPEAL.NICE SHRUBS, FRESH FLOWERS,CUT LAWN, CLEAN EXTERIOR, ‘NO WEEDS’  NICE DRIVEWAY AND SMOOTH SIDE WALKS(NO PITTED CEMENT)

NOW I THINK I GOT MOST THINGS, OH, A CLEAN AND FRESHLY PAINTED FRONT DOOR, BACK DOOR AND IF YOUR GARAGE DOORS NEED REPLACING,  DO IT!  AND IF YOU HAPPEN TO COME HOME ONE NIGHT , AND HIT THE SIDE OF THE GARAGE FRAME PAINT IT!!!!!!

SOMETIMES IT TAKES A FEW WEEKS TO EMPTY EVERYTHING OUT AND PUT EXTRA IN STORAGE AND  CLEAN, ……….THE BEST PART I HAVEN’T TOLD YOU IS FOR EVERY DOLLAR YOU SPEND YOU WILL GET ( TWO DOLLARS IN RETURN )  THAT IS WHAT ALL THE SMART SELLERS HAVE LEARNED, AND THEY ALSO KNOW IT IS WORKING!   GOOD LUCK TO ALL YOU SELLER AND BUYERS!

ITS A SUPER MARKET PLACE-HOMES ARE SELLING QUICKLY IF THE ABOVE IS DONE AND “THE PRICE IS RIGHT” REMEMBER THAT SHOW!

MARY ANN GRABOYES

215-416-5969

THE REAL ESTATE MARKET IS A GREAT INVESTMENT AT THIS TIME

The Montgomery County Pennsylvania is on a fast track of sales. If you are a HOME BUYER, now is the time to invest in that new home. Interest rates are low and Sellers are cooperating with pricing.

Toll Brothers have come to< Upper Dublin and Horsham> Beautiful New Homes-choose which ever you like. The NEW HOME INDUSTRY IS COMING BACK!

Call me for all the INFORMATION on___ NEW HOME COMMUNITIES!

NEW HOME SPECIALIST”>”CALL ME< Horsham was named on the list for one of the best places to live #37; Upper Dublin has and always had the” BLUE RIBBON “school prize.-+——————-+++++++++++++++++++++++++