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If you are considering selling your home in Simpsonville, Fountain Inn, or Greenville South Carolina you will want to know the Fair Market Value of your home. We will provide a FREE HOME VALUATION, no contracts, no gimmicks, no obligation. Call or complete the attached form to receive your FREE HOME VALUATION. In today’s changing landscape of real estate with mortgage rates fluctuating as much as .25% in a week, it is important to know homes value today.
What do mortgage rates have anything to do with your homes Value? Great question. Interest rates make your home More or LESS affordable as the rate goes up. In comparing a $300,000 Mortgage at 4% interest compared to 7% interest the monthly mortgage payment alone goes from $1432/month to $1995/month. That is a difference or $563 a month, just because of Interest Rate. Imagine you have $100K in the bank, and want to buy a beautiful home in Simpsonville, SC and you want your monthly mortgage to be at or around $1400 a month. That means you have to be shopping in the price point of $380,000 or LESS. If you are a seller that has a $400,000 Home to sell..and all the Buyers in the Marketplace are stuck on having a mortgage payment at or below $1400/month then you will have a tough time selling your home at $400,000. Thus making the PRICE you are able to sell your home at $380,000 because of HIGH INTEREST RATES.
A great realtor is able to tell you the demand for your HOME at any given time. We are seeing homes in $700K price point sell rather quickly in Greenville Area. These homes are often 4000+ sqft, often brick homes in beautifully landscaped neighborhoods. The “demand” for this time of home is high right now.
In today’s competitive market it is best to have a professional realtor help you get your home sold. Contact the House Guy Team to help you!