Interest Rates More, Interest Rates Less

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December 2, 2012 by Jeff Lowen

Are you thinking of refinancing? Debating on the perfect time to buy your dream home? How much home does your money buy these days? Although, as of this writing, interest rates are 3.5% on a 30 yr. fixed purchase according to BankRate.com, which is an awesome rate, most of us only think of buying a home or doing a refi when there’s talk of interest rates. What if, as a seller, you could offer a better rate than what’s advertised to prospective buyers? Yes… It’s very possible! Buyers are swooping up properties that offer great deals and the definition to that always equates to money!

If you look below at the Last 30 Days of Northern Virginia, you see that sellers are already giving up 4% of their asking price when they sell. That’s over $16,000 on the average price of a home in our area! What if you could keep some of that? In terms of the final agreed price or some of that closing cost help that the buyer will inevitable ask for. Depending on your price point, market area and a host of other factors, we can tell you with reasonable certainty what that number might be. The best thing to do if you are considering selling, is call or email us and we’ll set up a time where we can talk about your options, best marketing strategies and how to position your home for the best possible result.

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