Real Estate Tips - How Soon Can You Sell Your Home in Triangle NC?

What acquisition expenses must be considered and the One Critical Key to breaking even when selling your Triangle NC home sooner than you expected.
http://www.mortgagechoice.com/contact-and-directions.html

With Connie Shuping of Http://www.GreatTriangleHomes.com

Jim Enright: That brings up another question. So if somebody's buying a home in this market, I mean obviously there's acquisition costs, what would you say would be a break even time on all the different acquisition costs, whether it's mortgage related or real estate related? Is there any time frame you would give our viewers?

Connie Shuping: Well, I think it's hard to put an actual number on that, but I can tell you that in the past, it was two to three years to make sure you could recoup all the fees you had put for acquisition -- which normally would have been spread over the life of the loan, if you had a short loan in that case -- all your fees for selling and maybe some things you might do to fix up your house to sell it.

Today, I think it's harder to determine what that is. I think if you get a good buy, with an excellent agent who helps you, and of course good financing from Jim, where you're going to get great rates, and from there, you should be able to probably sell the home, I would think in three to five years and break even. Possibly, I can't guarantee it. No one knows what's coming. We don't have a crystal ball. But I personally think we are about at the bottom of our prices. So if you are going to buy, why wait?

Jim: Right. Good. And so, that break even time is all going to depend upon, as you said, getting a good buy, it could be the right neighborhood and the right buyer at the time you're selling.

Connie: That's a good point. There actually are some times people have to make a decision between the house they really like and the house that is, by far, the more generic and perhaps boring, but more sale-able in some areas. If you get a house that is very specific just to you, it will be harder and take more time to sell. So perhaps if you're thinking of it as a stepping stone house on the way to your next bigger and better house, then you want to keep resale in mind. And again, that's where a good agent can help you make a wise decision.

Jim: Great. Connie, thank you so much. Now Connie, if our viewers have any questions, how would they contact you?

Connie: The best way to reach me would be go to my website, http://www.GreatTriangleHomes.com

Call Jim Enright at Corporate Investors Mortgage Group, Inc.
24/7 - 919-569-5930 or [email protected] or
http://www.mortgagechoice.com/contact-and-directions.html
http://youtu.be/7FZGuX56QL4

Тэги:

#Real_Estate_(Industry) #home_buying #home_selling #NC #Raleigh #Durham #Chapel_Hill_(City/Town/Village) #North #Research_Triangle_(Place_With_Neighborhoods) #Carolina #homes_for_sale

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