Selling Your Home During The Holidays

November 14, 2013 by Eric Lowry Leave a Comment

Selling Your Home During The Holidays

Most people assume that it’s best to sell during the spring or summer, but the holidays are a great time to list your home for sale. Selling your home during the holidays can put you in a great position to sell your home faster and for a higher price. Here are some reasons that selling your home during the holidays can be beneficial to you.

Motivated Buyers – Anyone who takes time out of their busy holiday schedule to look for homes is a serious buyer. These buyers can be under pressure to buy during the holidays for a number of reasons; they could be relocating for a new job that starts in the new year, or they could be buying now to get the tax deductions. Whatever the reason, the buyers that are out during the holidays are serious about buying a home.

Less Competition – Since many home sellers do choose to wait out the holiday season this means the housing inventory is much lower during the holidays. Lower housing inventory equates to less competition from other sellers. Since the inventory is low, you may be able to sell your home much faster than you would during the peak seasons of spring and summer. Selling your home during the holidays may also be able to get a much better price for your home.

Lower Interest Rates – Interest rates drop every December through January on a cyclical basis. In addition to that, due to the current market conditions with the Federal Reserve planning to taper bond purchasing, real estate and mortgage experts expect interest rates to begin a continuous rise beginning after the holidays. The buyers that are out during the holiday season want to take advantage of the lower interest rates before they go back up in the new year.

Faster Closings – Closings are historically shown to be faster during the months of November and December due to the fact that the number of transactions occurring during these months is lower. The Lowry Team has a Transaction Coordinator that makes sure the process from contract to closing goes as smoothly and as quickly as possible for you as a seller.

Thinking of selling your home during the holidays? Get started by finding out the value of your home, for FREE at: www.HomeValuesInCincy.com

Low Interest Rates Aren’t Expected To Last – Now Is The Time To Buy A Home

October 25, 2013 by Eric Lowry Leave a Comment

Low Interest Rates Aren’t Expected To Last – Now Is The Time To Buy A Home

The real estate market is currently experiencing a huge window of opportunity for homebuyers. The Federal Reserve has been buying $85 million worth of bonds monthly. This has allowed the interest rates on mortgages to drop low in the first half of the year. Over the summer, we saw a steady increase in interest rates. This was due to a rumor that the Fed was going to stop buying bonds. Recently, however, the Fed has announced that they plan to continue to purchase bonds. What does that mean for you as a homebuyer? Well, it means that as of the announcement, interest rates are experiencing a temporary drop. This drop in interest rates greatly affects your purchasing power. These low interest rates could mean the difference between you buying your dream home or settling for your second choice.

However, it is expected that the Fed is going to begin to taper their bond purchasing in December. Ben Bernake, Chairman of the Federal Reserve, states “If the data confirms our basic outlook, then we could move later this year.” This taper in bond purchases will drive interest rates back up. The National Association of Realtors, the Mortgage Bankers Association, Fannie Mae, and Freddie Mac all predict around a 1% increase in interest rates by this time next year. So if you have been on the fence about buying a home, let this be the push you need. This is your window of opportunity – don’t waste it.

West Chester & Mason Ohio Real Estate: This Month In Real Estate – October 2013

October 9, 2013 by Eric Lowry Leave a Comment

West Chester & Mason Ohio Real Estate: This Month In Real Estate – October 2013

This Month In Real Estate for October 2013: Factors that drive first time home purchases 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 4.50% Get preapproved for a home loan Locally as of this writing, a 30 year fixed rate mortgage is averaging around 4.29%

According to Keller Williams (KW) research first time home purchases are primarily drive by three factors.

1. The current real estate market – the current market in our area is very advantageous for buying a home right now. First Time 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. Financial readiness – while financial readiness is very much an individual issue, the affordability factor that today’s low rates and home prices offer can not be overlooked.

3. Location & price – location is most often identified by first time homebuyers as being either close to their workplace or close in proximity to where the currently live.

Thinking of buying a home? Start your search on our real estate search engine: www.LOWRYTEAM.com

Thinking of selling your home in one of our areas of specialization including West Chester, Mason, Fairfield Township and Liberty Township ? Find Your Homes Value Here – Right Now

Homes with the best pricing and the best condition go first and sell quickly! Need more information on preparing your home for sale?

Other articles that you may find interesting:

First Time Homebuyer Series: Can You Afford To Keep Renting?

First Time Homebuyer Series: 3 Steps To Getting Started

Win A $10 Starbucks Gift Card From The Lowry Team – Keller Williams Realty

September 15, 2013 by Eric Lowry Leave a Comment

Win A $10 Starbucks Gift Card From The Lowry Team – Keller Williams Realty

Doesn’t a Pumpkin Spice Latte sound good right about now? “LIKE” our Lowry Team Facebook page for a chance to win one of ten Starbucks gift cards! Two winners will be announced every Monday beginning September 16th thru Monday October 14th.

Don’t miss out on this easy way to win a $10 Starbucks gift card. Click Here to Visit and LIKE Our Facebook Page Why “LIKE” the Lowry Team’s Facebook page? It’s a great way to stay on top of real estate trends, new listings, real estate market updates and community events for the Beckett Ridge, West Chester, Liberty Township, Mason, Monroe, Fairfield and Fairfield Township Ohio areas About The Lowry Team: The Lowry Team – Keller Williams Realty is a full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator and a Marketing Director. The Lowry Team – Keller Williams Realty can be reached at 513-874-1830 or click the link: To Send An Email

West Chester & Mason Ohio: This Month In Real Estate – May 2013

May 6, 2013 by Eric Lowry Leave a Comment

West Chester & Mason Ohio Real Estate: This Month In Real Estate – May 2013

This Month In Real Estate for May 2013: Selling Your Home For More And Faster and taking a look at the national home sale numbers.

Homes today that are properly priced for the market may sell very quickly. According to Keller Williams (KW) research homeowners that spend an average of $250 on staging for a $200,000 home can result in a sale price almost 2% higher than homes that are not staged. The research also revealed that only 1 in 3 home sellers did any staging of their home.

Thinking of selling your home in one of our areas of specialization including West Chester, Mason, Fairfield Township and Liberty Township ? Request A Free Market Value Analysis Here

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!

Other articles that you may find interesting:

Top 10 Tips When Selling A Home In West Chester & Mason Ohio

Preparing Your West Chester & Mason Ohio Home For Sale

Request A FREE Market Value Analysis Of Your Current Home To Learn It’s Value

West Chester & Mason Ohio Real Estate: This Month In Real Estate – April 2013

April 17, 2013 by Eric Lowry Leave a Comment

West Chester & Mason Ohio Real Estate: This Month In Real Estate – April 2013

This Month In Real Estate for April 2013: The Real Estate Market Has Shifted and takes a look at the national home sale numbers.

The real estate market has definitely shifted in recent months. What does that mean for homebuyers? Well in previous years most real estate markets have been a buyer’s market. Today, most areas and neighborhoods have transitioned to seller’s markets.

Homebuyers today need to expect competition for homes. In many areas including West Chester, Mason, Fairfield Township and Liberty Township and in many price ranges multiple offers are back and happening very frequently.

Homes with the best pricing and the best condition go first and sell quickly! Buyers need to be confident in what they are looking for in a home so that they can act quickly when finding a nice home that meets their needs. Homebuyers must also get pre-approved!

Get Pre-Approved For A Home Loan Right Here!

Other articles that you may find interesting:

Did You Miss The Buyers Market?

Interested In A Career In Real Estate?

Request A FREE Market Value Analysis Of Your Current Home To Learn It’s Value

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