Price Improvement for 278 Simsbury Rd, Granby now at @ $499,000!
Come home to this custom built Colonial set in scenic West Granby. Loaded with recent updates and an open floor plan the home has been tastefully improved over the years. Set back from the road and backing up to McLean Game refuge, this property offers a private country setting with seasonal views. View full property details: http://278simsburyroad.thebestlisting.com/ #PriceReduced #Granby #SellingCT #SimardRealtyGroup #ExpRealty
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Here are four great reasons to consider buying a home today, instead of waiting.
1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year. An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home. 3. Either Way, You are Paying a Mortgage There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s. As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you? 4. It’s Time to Move on with Your Life The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But what if they weren’t? Would you wait? Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy. If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. SOURCE KCM #ForBuyers #SimardRealtyGroup #JoinExpRealty Check out this amazing Open House on 30 Buttles Rd in Granby this Sunday, June 11 from 12PM- 1PM.
See this captivating colonial set in the Poets corner area of Granby. So many updates and improvements including a remodeled kitchen with granite counters, center island, tile backslash, hardwood floors, and fresh paint. On the main level find the living room with fireplace & wood stove insert, a full bathroom and office. Click the link below for more info: http://30buttlesroad.thebestlisting.com/ #OpenHouse #Granby #SimardRealtyGroup #ExpRealty Some Highlights:
Source KCM #ForBuyers #ForSellers #Infographics #SimardRealtyGroup #ExpRealty According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of potential first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the home-buying process is keeping potential buyers on the sidelines. Saving for a down payment is often cited as a huge barrier for first-time homebuyers to make the leap into homeownership. If homeowners believe that they need a 20% down payment to enter the market, they also believe that they will have to wait years (in some markets) to come up with the necessary funds to buy their dream homes. The greatest source of confusion cited in the survey results centered around down payments. The results are broken down in the chart below: Rohit Gupta, CEO of Genworth Mortgage Insurance had this to say,
"While first-time homebuyers continue to drive the purchase market, we believe many are staying on the sidelines due to the misconception that a 20 percent down payment is required to secure a mortgage. There are various low down payment options available today that allow prospective homebuyers to reach their dreams of homeownership sooner. It is crucial that, as an industry, we proactively educate eligible borrowers about solutions that will enable them to buy a home when they're ready." Bottom Line Don’t let a lack of understanding of the home-buying process keep you and your family out of the housing market. Meet with a local real estate professional who can show you your options today! SOURCE KCM #Buyers #DownPayments #SimardRealtyGroup #JoinExpRealty Here are five reasons listing your home for sale this summer makes sense.
1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this summer. Also, builder's confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will ramp up this summer. The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell. 3. The Process Will Be Quicker Fannie Mae anticipates an acceleration in home sales that will surpass 2007's pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January. 4. There Will Never Be a Better Time to Move Up If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.9% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock in your 30-year housing expense with an interest rate around 4%right now. Rates are projected to increase in the next 12 months. 5. It’s Time to Move on with Your Life Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should? Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. That is what is truly important. SOURCE KCM #ForSellers #SellingThisSummer #SimardRealtyGroup #ExpRealty Check out this amazing Open House at 43 E. Granby Rd, in Granby CT. See below for more info:
Open House Sunday, June 4, 2017 | 12PM-1PM | 43 E. Granby Rd, Granby CT What a value! Conveniently located just over the Granby line, this updated home has seen many recent improvements. Updated eat in kitchen with new cabinets and tiled floor, newer windows and siding, updated bath and hardwood throughout. Outside find a level private backyard, front porch, and car port with kitchen access. http://43egranby.thebestlisting.com/ #OpenHouse #Granby #SellingCT #ExpRealty #SimardRealtyGroup Some Highlights:
Source KCM #ForBuyers #Infographics #SimardRealtyGroup #JoinExpRealty |
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