Wow, what a year it is turning out to be! Full of mixed emotions as the political events unfold this side and the other side of the pond in the UK.
Especially our British sellers of vacation homes are going to be reaping the benefits of the current exchange rate. As they go through the process of selling their homes, they will be greeted at the closing table with the best exchange rate in years.
Here is an example of the differences.
Property Sales Price Example – at a Sales price of: $325,000
$325,000 @ 1.52 = 213,815 GB pounds LAST WEEKS EXCHANGE RATE
$325,000 @ 1.31 = 248,091 GB pounds TODAYS EXCHANGE RATE
Difference of = 34,276 GB pounds more in their pocket
Property Sales Price Example – at a Sales price of : $250,000
$250,000 @ 1.52 = 164,473 GB pounds LAST WEEKS EXCHANGE RATE
$250,000 @ 1.31 = 190,839 GB pounds TODAYS EXCHANGE RATE
Difference of = 26,366 GB pounds more in their pocket
If you are already contemplating selling your property within this coming year, why wait??
The Summer season has only just began and with the average closing timeframe being 6 weeks (for financed home sales) or as little as 2 weeks closing timeframe (for cash home sales).
It’s still NOT too late to put your property on the market and sell this Summer in order to cash in on the current exchange rate. Next year it may be the other way around, after the US elections. Who knows?!?!?
Contact us today for a FREE Property Evaluation. We can place your property onto the market within hours and gain a Summer sale for you.
Email : [email protected] for your FREE property evaluation and marketing plan for your property OR call : 407 369 8804 for a FREE phone consultation.
