Real Estate Tips
THIS WEEK'S TIP
AVOID UNDERPRICING
QUESTION: I am about to relocate and want to sell my house
fast. Should I underprice it for a quick sale?
ANSWER: Only if youdon't mind losing a lot of money. You're not
selling a TV set, your talking about your family's major asset. Selling for
less than the fair market price can lose you thousands of dollars which
could help pay the cost of relocating and the purchase of a new home.
Such a decision can be avoided if you utilize our agency to show and
sell the house in your absence. If you have to move before the sale is
made, we'll use our resources to maintain its attractiveness during the
process. It's done often and successfully.
LAST WEEK'S TIP
15 YR. LOAN - PRO & CON
QUESTION: What are the pros and cons of the 15-year
mortgage?
ANSWER: Perhaps the most attractive features of the 15-year
mortgage are the lower interest rate, more rapid equity buildup and
lower total interest payments over the life of the loan.
The 15-year loan also has drawbacks. The major one is that the monthly
payments will be greater than, say, for a 30-year loan since you'll be paying
off the mortgage in half the time.
Since the payments will be considerably higher, you may want to explore
whether the extra money would be better invested. |
Call Tim at 250-785-0932
