Let’s get together and talk!
“Someone you care about will be selling their home soon. Please pass this email along, I’d be glad to sit down and talk with them…”
Todd
Office: (814) 231 – 8200 ext. 355
Cell: (814) 880 – 4427
toddcostello@remax.net
Critical Data and Rates
Active Listings: 177
Pending Listings: 118
Demand Rate: 67%
15 Year Mortgage Rate: 3.125%
30 Year Mortgage Rate: 3.625%
1. 2019 Market Recap….
A. Total Number of Homes Sold
- In 4 out of the last 5 years, total home sales have been within 50 units.
- No explosive growth or major reduction in the size of our market.
B. Average Sale Price
- 2018……..$293,951
- 2019……..$303,328
C. Average Days On Market
- 2018………..41 Days
- 2019………..44 Days
D. Percentage of List Price Received
- 2018……….98.54%
- 2019……….98.33%
To see data charts for all of the above information, click HERE.
2. Active Sellers and Buyers in 2020….Absolute Basic “Need To Knows”
Sellers….
A. In most cases I can have your property fully listed and on the open market within 24 hours of meeting with you.
B. When possible and always in your better interest…..Having more time to prepare our unveiling of your home to the open market is ideal. 30 – 90 days before our target unveiling date, is not “to early” to begin our communication and planning.
C. If selling is going to lead to buying your next home…..the sooner we begin our communication and planning, the more likely we will keep the stress level down and the numbers($) to optimal.
D. If you are mentally ready to sell….your home needs to be in “transferable condition for its price”. (this statement requires us to meet).
E. Don’t ever “assume your properties value” and take action on your assumption. If your assumption is wrong, it will cost you time, money and heartache.
Buyers…
A. If you will be getting a mortgage to purchase your home, you will need a Pre-Approval Letter from a lender. A local lender is always best.
Ford McNutt, Professional Choice Mortgage
814-861-3310
ford@pcmortgagesolutions.com
Kathryn Miller, Mortgage Source
814-280-1599
kath@mortgagesourcepa.com
B. Know Your Numbers before you tour properties.
- Total monthly payment(in your price range)
- Total Cash you need to close(in your price range)
C. Have a Buyers Agent and Know what that means
D. If buying will lead to selling(or requires the sale of your current property)… the sooner we begin our communication and planning, the more likely we will keep the stress level down and the numbers($) to optimal.
E. Target “closing dates” must be defined before touring properties. When could you close on the purchase? When must you close on the purchase? This will relate to your current living and financial situation.
This Month’s Prize Draw Winners
This month’s winners of a $50 Texas Road House Gift Card are Sheron Bell and Lee Ann Patterson
Next Month’s Prize
2 winners will each receive a $50 gift card to Facia Luna.
To enter the prize draw, you need to join my newsletter (bottom of the page) and then simply reply to the Monthly Value Message email that is sent.
“I could agree with you, but then we’d both be wrong.”
– Harvey Specter
Todd is honest, hard working, dependable, fiercely intelligent, and extremely knowledgeable of the residential real estate business.
I trust Todd’s professional expertise, experience and thorough knowledge of the State College real estate market when buying or selling. I wouldn’t use any other real estate agent.
You’re so good at keeping in touch, Todd.
Thanks!
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