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4 Ways Waiting to Sell Your Lowell Home Could Cost You Thousands

Written by Posted On Wednesday, 04 May 2016 07:56

4 Ways Waiting to Sell Your Lowell Home Could Cost You Thousands

 

Many factors come into play when deciding to sell your Lowell home, and timing is right up there at the top of the list. It's important to work with a experienced Lowell real estate professional who cares enough to take the time to learn about your particular objectives.

 

Just as a doctor or lawyer should present all the facts for you to make an informed decision, look for a Lowell real estate professional who will give you all the facts when it comes to the sale of your Lowell home. If money is a consideration, carefully consider each of the four ways Lowell home sellers have lost thousands of dollars by WAITING to sell their Lowell homes:

 

1. INTEREST RATES. Interest rates historically fluctuate.No one can guarantee that they won't go up again. We know what the current rates are; however, if they increase,many buyers will be knocked out of the marketplace. With fewer buyers in the marketplace, the chances of finding a buyer willing to pay your price decreases. You can't predict what's going to happen with interest rates. Nobody can.There's an advantage to dealing with a known set of circumstances.

 

2. NEW PROPERTY COULD COST MORE. If you're buying a new property that's more expensive, you could cost yourself plenty. For example, let's say you're selling a$100,000 property and looking to buy a $150,000 property. If both properties appreciate at the same rate of 3% over the next six months, you gain $3,000 on your existing property. However, the $150,000 property will now cost you $154,500, or a net loss of $1,500.

 

3. TIME IS ON YOUR SIDE.The very fact that you have time on your side could save you thousands. Many sellers who have waited have put themselves in a “have to sell” situation and had to accept an offer for less than what they wanted. The fact is, when you have time on your side, you won't feel pressured to accept an offer for less than what you want.

 

4. SUPPLY AND DEMAND. There's a certain number of buyers and a certain number of sellers in the marketplace right now. We are currently dealing with a known set of circumstances. There's no guarantee that in a few weeks or a few months, there won't be fewer buyers – or more sellers– in the marketplace. Either way, you're taking a gamble on accomplishing your real estate objectives by waiting.

 

Visit: www.christryon.com today to learn more about selling your Lowell home NOW and saving THOUSANDS OF DOLLARS!

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