2014 will remain great time to sell your home
Q: I’ve been hearing
that we are having huge price increases. Is it going to be difficult to sell my home in 2014? A.
Reports just came out that we’ve seen the largest gain in price increases (about 14 percent) since February 2006. With that said, there are predictions that the market will slow down in 2014. We are long past the days of 3.5 percent interest on a 30-year-fixed mortgage, but rates shouldn’t hit over 5.5 percent in 2014 which still makes buying a home affordable — and still makes it a great time to sell!
Will it be difficult to sell your home in 2014? There are so many factors that must be accounted for to give an appropriate answer, but a few items include: Are you pricing it competitively/ pricing it to sell? What are you doing to market your home? Are you being flexible with regards to allowing prospective buyers to view your home?
Selling a home isn’t difficult — having the seller and buyer agree to terms, can be. Make sure you communicate all your expectations with your Realtor so that you can work together to get your home sold in 2014. Q:
I am trying to save for a down payment for a home and I am looking for some good savings tips — any in particular I should be aware of? A:
While there are a number of ways and reasons to save, there are some in particular to pay more attention to.
Have high-interest credit card debt? Paying this off and eliminating this debt should be your first and foremost focus — the last thing you want is to have excess cash going towards a credit card payment.
When you’re saving for a short-term period, investing your money properly is key. A high-yield savings account or a CD is a great option to house your future down payment as it provides a lot less risk than a higher return investment. The goal is to ensure your money is safe and available for you when you need it.
Do you know what you’re spending each month? Well, considering it’s your money, you should. Budgeting is a simple process that can help you figure out what you want versus what you really need. And when you do make purchases, try paying with cash versus credit so you always know your bottom line.
Remember, when it comes to saving money, all the little things add up.