If you’ve been thinking about selling your home this year, you need to pull the trigger. Here are three reasons why.
- Mortgage interest rates are still low. Although interest rates have been rising since October, the 30-year fixed home mortgage rate is still historically low. This means buyers still have plenty of buying power in the market right now.
- Inventory is shrinking. In 2007, according to the National Association of Realtors, home inventory was just about 4 million homes for sale and in 2016, fewer than 2 million homes were for sale. Right now, home sellers have way less competition.
- Home prices are rising. We have had 54 months of non-stop home appreciation. In fact, the median home price since November of 2015 has increased by 6.8%, which means right now is a great time to get the most money for your home.
If you or anyone you know is looking to take advantage of this market and would like a free home value estimate, my team and I would be happy to give you all the information you need to make an informed decision on whether to sell your home or not.
As always, if you have any questions please feel free to give me a call or send me an email. I look forward to hearing from you!
