DATELINE…January 2009: West Chester, Downingtown, Coatesville, Unionville/Chadds Ford and Chester County, PA
FLASH: Interest Rates have been dropping. Who would have thought we would see 5% or below ever again?! A 1% drop in interest rate equals 10% buying power…in other words…if you are looking at a $300,000 house, when the interest rate drops from 6% to 5% its as if you’re paying $250,000. Your purchasing power increases dramatically. Buyers get more home for their money. 1% is equal to approximately 75 cents per thousand. On a $300,000 mortgage that’s $225 a month or $27,000 over 10 years! The time to buy is now!! Mortgage money is readily available.
Beauty is the eye of the Buyer! As reported in USA Today in late 2006… a review of over 2,800 properties in 8 cities found that “STAGED homes, on average, sold in half the time that non-staged homes did. The Sellers with staged homes ended up with 6.3% more than their asking price, on average.” In today’s market, it is even more imperative to stage. You’re selling a lifestyle. A Buyer’s new home must be the vision of how they want to live — not how they are living now! Very few people have the imagination to visualize beyond what they see. The Jean Gross Team stages ALL our listings! We are in a price war and a beauty contest! Jean’s stats confirm that staged homes sell in 1/2 the time & for more money than unstaged homes!
