West Chester & Mason Ohio Real Estate: This Month In Real Estate – November 2013
This Month In Real Estate for November 2013: The primary reasons homesellers decide to move and taking a look at the national home sale numbers.
Home sales nationally continued to improve in both unit sales numbers as well as increases in average sale price. The national average on a 30 year fixed rate mortgage is currently at 4.28% Get preapproved for a home loan Locally as of this writing, a 30 year fixed rate mortgage is averaging around 4.25%
According to Keller Williams (KW) research the primary reasons homesellers decide to move are primarily driven by four factors.
1. The desire to upgrade to a bigger home – the current real estate market in our area is very advantageous for moving up to a bigger home right now. Homebuyers will find home prices are still low and represent great value. Mortgage interest rates have now gone back down slightly after a very quick run up over the last few months
2. The desire to upgrade to a better neighborhood – this desire can be about better schools, larger lot sizes, newer homes, older homes with more character or a number of other factors. You can start your home search by neighborhood right here on our website.
3. The need to relocate due to a job – changes in employment due to promotions and job/employer changes can frequently be the driver of selling a home.
4. The need to sell due to a change in family status – changes in family status due to new born children, grown children moving away for college or jobs, divorce and death can all be the driver of selling a home.
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Homes with the best pricing and the best condition go first and sell quickly! Need more information on preparing your home for sale? Request a no obligation consultation here!
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