This Month in Real Estate for March 2011 has been released, and is full of information about rising interest rates and how sellers can showcase their homes best online.
First, Jay Papasan shares that mortgage rates jumped, creating a sense of urgency for some buyers. The average fixed rate for a 30 year fixed mortgage was up to 5.05%, which they had not neared since April 2010.
Pending home sales were up 2% in February over January, which is a normal increase as weather tends to get warmer and we get further away from the holidays. Buyers also hoping to take advantage of low rates were putting contracts in in order to avoid the future rise in interest rates that experts are foreseeing.
Bryon Ellington talks about how a professional real estate agent can help guide you through any type of real estate market.
Recent studies show that 89% of buyers start their home search online, as discussed in the February This Month in Real Estate video. This means that a professional presentation of your home is important!
* Well taken photos are needed to best show your home.
* A professional stager may be very useful to have your home put its’ best foot forward to potential buyers.
To learn how to best market and sell a Towson home, contact me today. I would be thrilled to help!