ADIRONDACK COUNTRY HOMES REALTY INC.

 

   LAKE PLACID REGIONAL OFFICE

   8 Morningside Dr., Lake Placid, NY    518.523.2334

  

    Other Adirondack Country Homes Realty Office Locations:         

         Greater Glens Falls Region:  462 Glen Street, Glens Falls, NY 12801 *  518.761.7900

         Lake Placid Region: 8 Morningside Dr., Lake Placid, NY 12946 * 518.523.2334

         Gore Mountain/Lake George:  295 Main St., North Creek, NY 12853  *  518.251.2194

         Lake Champlain Region/Willsboro:  Willsboro, NY * 518.963.8181

         High Peaks Region:  Route 9, North Hudson, NY  * 518.569.8504

         Schroon Lake Region (Main Office):  1098 US Route 9, Schroon Lake, NY * 518.532.7900

         Speculator Region:  Route 30, Speculator, NY * 518.548.7900

         North Country Region:  788 St. Regis St., Bloomingdale, NY * 518-891-4609

 

      

 

 

 

 

 

 

 
How to Get Top Dollar For Your Home During This Peak Listing Season
by Certifund Financial
 
 
   
 

A newsletter provided for my clients, professionals & consumers in the Capital District.  The purpose of the newsletter is to remain informed of current consumer topics and pending economic indicators that effect the mortgage and real estate markets.

Key Rate Indicators
Index Current 6 Mo. Prior 1 Yr. Prior
Prime 8.25 8.25 8.00
3 Month Libor 5.36 5.37 5.24
Fed. Reserve 5.25 5.25 5.00

Mortgage Applications Up Despite Higher Rates

 

Mortgage applications continue to climb steadily, rising 1.6 percent last week compared to the previous week, as measured by the Market Composite Index reported by the Mortgage Bankers Association.

On an unadjusted basis, the number of mortgage applications was up 23 percent compared with the same week one year ago.

The refinance share of mortgage activity increased to 42.3 percent of total applications from 42.1 percent the previous week.

The average interest rate for 30-year fixed-rate mortgages increased to 6.23 percent from 6.13 percent. The average interest rate for 15-year fixed-rate mortgages increased to 5.96 from 5.81 percent. The average contract interest rate for one-year ARMs increased to 5.72 from 5.61 percent.

 

Source: REALTOR® Magazine Onlin

 

10-YEAR TREASURY NOTE (^TNX)
10-YEAR TREASURY NOTE (^TNX)
10-YEAR TREASURY NOTE (^TNX)
 

How To Get Top Dollar For Your Home During This Peak Listing Season

The best chance of selling a property is within the first few weeks that it’s on the market. Statistics show that the longer a property stays on the market, the less money the seller will net. We have prepared the following suggestions to help sellers of real estate home sell at the highest possible price.

Curb appeal The first thing a buyer sees when they drive up is the front yard. If the outside does not impress buyers, they may not take the time to see the inside.

Easy access. Top selling agents do not have time to run around town to pick up and drop off keys. They’re too busy selling houses! Therefore, they may not show a home if both the key and access are not readily available.

Paint and carpet are the best home improvement investments one can make. Paint makes a house look clean and smell clean! Fresh paint and new carpet is like giving the house a makeover.

All odors must be eliminated. Many sellers may not notice the smell but buyers will. If the seller has pets or is a smoker, they need to get rid of the odors associated those items. This is a touchy subjects for many agents and sellers. If a seller has a life style were odors may exist they should ask the agents opinion from the start.

Price. It is very important that a home is priced at a competitive market price right from the start. The market is such that if a house is overpriced, it may not sell. If the price of a property is at market price right from the start, you will get more offers and interested buyers. Here are some of the reasons to list at a competitive market price. If a house is overpriced, it will limit qualified buyers, lowers showings, limits financing and agents think the seller in unrealistic and won’t waste time showing the home to qualified buyers.

Most of the marketing in selling a home is done at the time the agent and seller decides what price to list at. If the seller is not willing to list at a competitive market price, they should consider not putting it on the market at this time.

Once the seller has made a decision to sell and if their plans are to buy another home before signing any contractually binding paperwork the seller needs to get pre-approved for their next mortgage. Pre-approved means that a mortgage professional has examined, submitted and received acceptance on the future borrowers financial capabilities of qualifying for a mortgage based upon their income to debt ratio, loan information, and credit profile.

Many times borrowers are told they are pre-qualified prior to the lender examining in detail the borrowers complete financial profile. This leads to great frustration and disappointment.

The purpose of this newsletter is not to give real estate advice. The purpose is to stimulate thought for our clients and professionals within our network.

If you are a REALTOR® professional receiving this newsletter or know of one, please contact our office to introduce yourself and your services to us. We are always seeking to grow our referral network and expose professional services to our client base.

The loan professional that has made this information available specializes in equity repositioning solutions for those buying, selling or refinancing real estate.

 

 

 

 

 "Try not to become a man of success but rather to become a man of value" 

Albert Einstein

 

Visit:  Certifund.com |

Certifund.com is a full service mortgage solutions provider, approved with numerous lending sources throughout the state.  Todd provides conventional, non conforming, jumbo and FHA loans.  He assists customers with great credit, bad credit and no credit.  Todd also assists individuals who are self-employed and require both full documentation and no documentation loans. He assists individuals & professionals with their financing needs whether buying, selling or refinancing real estate.   If he can be of assistance, email him directly tcollins@certifund.com. To be added/removed from this distribution list,  email jriccio@certifund.com.  Your request will be immediately honored.

 

 Contact Information: Direct Phone: 518.587.7700  | Fax: 775.361.1862 | E-mail jriccio@certifund.com

© 2006 Certifund.com  All rights reserved

 

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