Setting the price when selling your home

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Price and exposure are the two key factors in getting your home sold regardless of the type of market we’re in, and price accounts for 80% of that equation.

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Why move-up buyers should sell NOW

submitted by Kathleen Layton, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

Do you store your cereal in the oven? Are you having difficulty shoving ONE MORE THING under the bed? Do you live out of your hamper because there’s no place to put away the clean clothes? If the police were called to your home, would they think it had been ransacked because your stuff is all over?

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Should we stay or go?

submitted by Kathleen Layton, Prudential Fox & Roach, Realtors – Newtown Office

Moving is one of the top five stressors in life, weighing in after death, illness, divorce and job loss, so most people don’t enter into the real estate market lightly. They ponder, contemplate, argue and look for signs from above before reaching a decision, which rarely comes easily. If you’re considering making a move, here are some factors to consider:

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Real estate market bounces back

submitted by Kathleen Layton, Realtor, Berkshire Hathaway Home Services Fox & Roach, Realtors – Newtown Office

Well…It’s official. The real estate market is finally back. Not to pre-crash levels of course, but firmly on solid ground and gaining.

After nearly a decade of despair reminiscent of the Great Depression, 2013 has seen real estate change from being a ball and chain around the neck of millions of Americans to an asset that has been one of the few bright lights helping to move this stubbornly sluggish economy forward.

While the housing market is still somewhat volatile, the “experts” are calling for increases in 2014 ranging from 5% over 2013 levels to 10-15% higher. In Bucks County, the number of units sold increased 20% over 2012 totals.

Nationally, home prices continue to rise faster than they have since the housing boom. The average sale price in Bucks County of $322,592 was up 2.3% and it took an average of 77 days for a house to sell, down 19% over the previous year.

Another key factor on the rise is mortgage interest rates, which have come up almost a point in 2013 and are now hovering around 4.5%. Expect them to rise even higher in 2014, possibly close to the 6% mark by the end of the year. Also expect to be put through the wringer if you’re applying for a mortgage this year. Lenders and underwriters are still re-living the horrors of the mortgage debacle and even immensely qualified buyers are paying the price through excessive documentation, explanation and all around hoop jumping.

We’ve returned to a “normal” real estate market, where neither party should consider themselves in the driver’s seat.

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