Cost vs. Price Explained

By The KCM Crew

We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home. Let us explain.

The Mortgage Bankers Association (MBA) is projecting that mortgage interest rates will inch up over the next twelve months. Many experts are calling for home prices to also increase over the next year.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact certain changes would have on the mortgage payment of a home selling for approximately $200,000 today:


If you are considering Relocating to Colorado Springs, Purchasing a Home for Sale in Colorado Springs, considering  Selling a Home in Colorado Springs, or want more information on the Colorado Springs Real Estate Market, Contact your  Colorado Springs Real Estate Expert, Mike MacGuire Today! Click Here to Check out my informational video if you are considering Selling a Home in Colorado Springs. Click Here to Check out my informational video if you are considering Purchasing a Home for Sale in Colorado Springs.



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