2014 will re­main great time to sell your home

Sun Sentinel Broward Edition - Homespot - Broward East - - REAL ESTATE Q&A - By Sa­man­tha ( Sam) DeBianch

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.

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