3 Reasons to Sell Your Home Now!
Posted by semoninblog
Been tossing around the idea of selling your home but just been waiting for the “right” time? Stop hesitating because that right time is right now! Here are 3 reasons why it is a great time to sell your house.
1. Inventory is extremely low
Buyer demand is high, but inventory supply is low. It’s Economics 101. And it is happening nationwide. Homes are selling fast as buyers are competing to snatch up what they can get before someone else does.
2. Prices are on the rise
In this low inventory market, the fight is buyers versus buyers and it’s the homes for sale that are the prize to be won. Home buyers are facing multiple offer situations which in turn create bidding wars. Buyers are trying to outbid the other offers, ultimately driving up home prices.
3. Mortgage rates are low, but on the rise
Mortgage rates have been staying near record lows, hovering around 3%, but we knew it was only a matter of time before that can change. Interest rates have shown a steady increase over the past few weeks, reaching 4.125% just yesterday. If a new home is anywhere in your near future, you may want to lock in one of these lower rates sooner rather than later.
Click Here to see today’s current interest rates.
In this current market sellers have the advantage. This is a low-risk time to sell your home, offering benefits that won’t last forever—don’t let it pass you by!