Did you know that right now might be a
great time to SELL your house in Concord or Charlotte, NC and buy your DREAM HOME?
Olan Carder, Mortgage Loan Officer with American Security Mortgage Corporation explains how:
“I know what you are thinking but hear me out! It is true that home values are down, and if you sell now you might lose money on your home. BUT, that can also work in your favor if you are buying a new home that is more expensive…
Let’s say you have to take a 10% hit on your home at $300,000. That’s a $30,000 loss. But if you turn around a get a 10% discount on $400,000 that a $40,000 gain, leaving you $10,000 ahead!
Another thing to factor in is your financing. Rates are near record lows. That means there isn’t as big of a gap between your current home and that dream home!”
Example:
Current home: $300K at 6% = $1798 (P&I only)
New Home: $400K purchased at 10% discount would be
$360K, financing 80% at 4.75%/4.96% APR would be $1502! (P&I only)
“These are only general examples, but typically the higher the home price the better deals you can find in today’s market! It might be worth taking a look at moving up to that dream home NOW! ” states Olan.
For a FREE MARKET ANALYSIS on your home and for more information on how this may work for you, call Stephanie Blanton at Benham Real Estate Group. 704-796-0896.
Metro Charlotte Homes for Sale and Real Estate Services, Benham Real Estate Group, Stephanie Blanton, We are your REAL ESTATE professionals with expertise in Charlotte, Concord, Kannapolis, Huntersville, Mooresville, Harrisburg, and Salisbury, NC areas. Engage my expertise by calling me when you buy, sell, or invest in Real Estate. 704-796-0896
