The idea of selling your Silver Spring home in this economy might make some nervous. With the instability of the economy, high unemployment rate across the nation and inflation driving up the cost of consumer goods, the average American has a lot to worry about. Selling a home is just not something many people want to add to that growing list.
If the above sounds like you, then you’ll be happy to hear that the present time is actually a great time to sell and here’s why:
- Low Inventory
This is basic supply and demand. Demand for homes is still extremely strong and isn’t weakening anytime soon. As a result, the price of homes is being driven up, resulting in bidding wars on homes listed at or below market value.
- Low Interest Rates
Interest rates have remained at historic lows for close to a year now, and while real estate experts anticipate an increase soon, no one can say for certain when that will be.
Homes located in the DC Metro area will never suffer losses as much as homes located in other parts of the country will. Thanks to a plethora of government related jobs, homes in this region will always be in demand. As a result, unemployment in this area is much lower than the national and state averages.
If would like to discuss your home’s value, contact Emcee Arah for a free consultation. Arah is an experienced real estate agent with a full-time team of professionals who have a proven track record of success, and his custom 25-point marketing plan is instrumental in providing exceptional results for his clients.
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