Housing Myth #1

1. I’ve read that now is a bad time to sell my house.

Not true! With historically low interest rates, a good selection of homes for sale, and more qualified first-time and move-up buyers, now just might be a great time to sell your house. Three things that can actually bring a bigger market of potential buyers are price, location and condition. It is vital to work with a full-service, Coldwell Banker Sales Associate like me who understands these aspects, and has access to the most comprehensive tools and resources to address your real estate needs.

What?? Good News in Real estate!

So I know you have been hearing horrible news from the national media about the housing market. Well I thought I'd share a few stats to get things in perspective:

Greater Cincinnati: A 25-Year Perspective
Year Homes Sold Total Sales Volume Average Selling Price Average Mortgage Rate

1982 5,956 $379,800,397 $ 63,768 14.82%
2007 22,256 $3,869,836,160 $173,878 6.42%

Also, in Walter William’s column in the Jan. 28, 2008 issue of the Cincinnati Enquirer, he reported that according to Temple University’s professor of economics William Dunkelberg:
* 96% of all mortgages nationwide are being paid on time.
* 30% of American homeowners have no mortgage.
* Delinquency rates were higher in the 1980s than they are today.
* Only 2% to 3% of all mortgages are in foreclosure

Finally, in Greater Cincinnati from 2002 to 2007 there was an average home value appreciation of 8%. That's right APPRECIATION!

Stop litening to all of the doom and gloom. Start talking to the right real estate agents. The ones who are going well!