The cost of waiting to Buy or Sell in Southwest Florida.

By
Real Estate Agent with Keller Williams Realty of Fort Myers & The Islands Broker BK3099912
https://activerain.com/droplet/562T

The Difference Between A Home’s Cost vs. Price | Keeping Current Matters

From the desk of Joe Kendall  Broker with Keller Williams Realty,

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

 


Let me explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen in 2017 heading into 2108?

  Over one hundred economists, real estate experts and investment & market strategists project that home values will appreciate by almost 6% by the end of 2017.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.5% by the end of 2017. where we are in 2018 is anyone guess, one thing we know is it wont be lower..

 

 

Posted by

 

 Listing and Selling Southwest Florida Homes, Condos Waterfront & Luxury Homes!

 

 

Joe Kendall BROKER "Broker Joe"

Keller Williams Realty Fort Myers & The Islands,

16 years of experience to offer You!

Fort Myers / Fort Myers Beach / Cape Coral / Bonita Springs / Naples/ Sanibel Island 

Search all the homes for sale located in Southwest Florida here

Phone 239-560-0726

Email BrokerJoe@Me.com  

 

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Topic:
Home Buying
Location:
Florida Lee County Cape Coral
Groups:
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Tags:
market
investor
seller
buyer
cape coral
real estate
joe kendall
2017
shore line realty

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Rainmaker
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Good approach Joe Kendall in looking at the cost of waiting with prices on the rise. Buy low, Sell high 

Jul 15, 2017 09:15 AM #1
Rainmaker
1,822,022
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It rarely ever pays to wait ! Keep these posts coming !!!!!

Jul 15, 2017 09:23 AM #2
Rainmaker
525,189
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

The cost of waiting in a sellers market is high. Waiting could mean the buyer will have to pay more, or even get priced out of the market.

Sep 20, 2017 10:21 AM #3
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Rainmaker
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Joe Kendall Broker

It's Always best to talk to "Broker Joe"
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