If you are asking about the estimated payment per month, it is based off a few criteria. First, they are assuming you are putting 20% down payment ($60,000 in this case) on a 30 year loan. It takes the remaining amount ($240,000) and figures out the loan calculation with an average interest rate (4.319% in this instance) and average taxes and insurance factored in.
Days on market have went down drastically in the past year. In the High Point area we had reached almost a year. I am happy to report that the number of days it will take a home to sell is now between 90 and 120 days. Inventories are lower than they have been in the past several years. We are seeing a slight increase in home values and a slight decrease in the number of distressed home sales. Great news for everyone!... more
I will have some time tomorrow, late morning or in the afternoon up to around 4:30 or so. If this will work for you, contact me at 336-823-0169 or e-mail me at VanHookRES@gmail.com. Let me know the best time for you and I'll set it up.... more
here is a little bit of information for you, but if you really want a good market evaluation to figure out what to offer, you really should work with a Realtor, your Buyers Agent to protect your interests in the purchase and to give you a more precise market evaluation of a specific home.
1702 N Hamilton St, High Point NC 0.79 mi Condo $34,000 1/23/13 2 2 992
215 Northpoint Ave, High Point NC 1.21 mi Condo $36,000 11/30/12 1 1 738
1300 Bailey Cir, High Point NC 1.61 mi Condo $45,500 8/01/12 2 2 972
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Hi Jill, Not sure why, but your questions was routed to a North Carolina queue for Market Conditions in 27265. You may want to try to redirect this to the appropriate zip code for the best results. However, I do have a client in Harrisburg, PA who just told me 90-120 days was the average Days on Market there. But as Anna had mentioned, different markets, including condition, size, price point and pricing to the market will all play a huge factor. Best of luck!... more
The DOM is a real good way to analyze the potential for a sale and to gauge how well you are doing in selling your own home. Just using a zip code is not quite deep enough though. I live in this zip code, 27265, by Southwest schools. But this zip code stretches over into northern Davidson County. Looking at just the data for the zip code can be misleading. Also, price ranges reflect differently with homes between $150,000 and $350,000 being the quickest turn over of them all. Comparing new sales to existing home sales is yet another key as many new homes are listed before construction has begun. One more demographic is actual sales price compared to initial listing price. Data shows that a home priced closer to real values sales quicker and for more money than a home that is initially listed too high. Pricing a home is a real art and few REALTORs fully grasp all of the intricate parts that have to be considered. Even fewer homeowners understand it, although most understand that since they probably would not buy a home that is overpriced others aren't either. If you haven't listed your home yet, I would be happy to provide an in depth evaluation free of charge. You can reach me through Trulia or my website below.... more