I always say, I don't have a crystal ball. We don't know if interest rates will remain low or what will happen in the long term financial market. Some sellers may choose to wait and sell later. Others may go ahead, sell and put their profits in other investments. This depends on your long financial goals and than importanceof home ownership in your life style.
More purchasing power?
Sellers selling now, may find that have more purchasing power. The current inventory leaves today's seller as a buyer who will have more selection and the advantage of purchasing a home while interest rates are still low. If you sell in a down market you are also buying in a down market. If you sell in high market you also purchase in a high market. Many sellers feel it all evens out in the end.
I personally think purchasing with a competitive interest rate is the very important. Over the life a loan or even the average home ownership of a 7 years you can save thousands of dollars on your mortgage.
Now might be the time for you to sell and buy.
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