Michigan homeowners: Take advantage of this amazing market
You’ve seen the headlines:
“Home buyers, spooked by rising interest rates, rush to buy.”
“Rising interest rates will take away some home shoppers’ buying power”
“Homebuyers counting on affordable mortgage interest rates may want to start looking for their new home now.”
With the promise of rising mortgage rates throughout 2017, homebuyers are out in droves, trying to buy into the dream of homeownership before they’re priced out of it. In fact, November home sales broke records across the country.
If you’re planning on selling your home within the next six months, you are ideally situated to take advantage of what is now one of the hottest sellers’ markets in decades. And, naturally, you want to keep as much of that hard-earned equity as possible, right?
You CAN sell your home on your own
The biggest single outlay of cash on your closing statement (aside from your loan payoff, that is) is the real estate fee, or broker’s commission. This typically amounts to 6 to 7 percent of the sale price of the home. So, if your home sells for $325,000 for instance, and you use the services of a real estate agent, you’ll be dinged for between $19,500 and $22,750. That money can go a long way toward paying the down payment or closing costs on your next home, right?
Save tens of thousands of dollars
While the real estate industry wants you to think that selling a home requires whatever they have in their “magic” bag of tricks, nothing could be further from the truth. In fact, MLSProviders.com can provide you with their most valuable tool, a listing in the MLS, for only $299 and no monthly fee. Of course we provide other services as well, all outlined in a handy a la carte menu that you can find right here.
We even offer a program that allows you to use our services with no up-front money out of your pocket. Pay us later – at the close of escrow.
Michigan homebuyers, like their counterparts across the country, are in fear that interest rates will rise even higher (which they most likely will). Since higher rates decrease how much house they can afford, each incremental increase in mortgage rates depletes the buyer pool for your house.
This is why we’re urging our clients and potential clients to jump into the market now. Especially if you’re planning on using your proceeds to buy another home after the current one sells. You, too, will want to get into that purchase before rates increase again.
Now is the ideal time to make your move. Contact us today to talk about what we can do to help you get your home sold for the least amount of money.