Why Now Is A Great Time To Sell Your Framingham Ma Home in 2016: Part 2
With the presidential office up for grabs in the coming several months, a new presidency always means a change isn polocy and interest rates that affect the real estate market. This is something that is expected and real estate interest rates can't stay historically low forever. As a seller right now, you want to benefit with all the buyers out there forced to compete for your home with less supply and much more demand , and making your home worth more now.
The interest rates being at these low rates allow buyers to afford more house right now then they may be able to in 2017 and beyond. Mortgage companies have also been offering more flexible programs for first time home buyers too, helping to get them off the fence and into the ownership game. Sellers in the Metrowest are pised to profit from their build up equity position from several years of mortgage paydown and appreciating values in the area.
There are several reasons to sell your Framingham Ma property now, with interest rates low, appreciation, low supply and high demand, and easier availability of residential financing (compared to to a few years ago), just to name a few. With your home being in good condition and having many upgrades or just a few, you are pised to reap the rewards of this strong sellers' market in the Metrowest.
The Framingham residential market, whether you are looking to buy on the North side or South side of town, both areas are hot and homes are selling in record time. Your buyers must have their finances lined up, preapproval ready to go, and not hesitate going after the home they want. Setting expectations is always an important part of the process, but exspecially in this sellers' market, where every home in good condition will have multiple offers on it. This was a far cry from the Buyers' market of a few years ago, where the inventory was high, but time on market was long, and homes on the market outpaced by far the number of buyers looking to own.
Now is why selling your Framingham Ma home in 2016 is an extremely smart move. With the coming election and new president installed policies change and interest rates will move, they have to because they have been low for so long. The FED will not allow the rates to stay low for too long a period of times. As a seller it is important to sell now to receive your highest sale price and as a buyer to get a low interest loan and a lower mortgage payment.
Residential lending terms have improved and new programs have been introduced to help out first time homebuyers , which will help more buyers own their first home now too.
Each market has different characteristics and this one favors sellers but the low interest rates help buyers afford more house, and pay less for their loan too.
Why Now Is A Great Time To Sell Your Framingham Ma Home In 2016
Comments(0)