Last year in the State of California home sellers received 50% of offers above the asking price, according to the 2013 Annual Housing Market Survey. In the Central Valley market, we continue to experience (depending on the price point). An excellent reason to get off the fence...if you are considering selling your home.
The market is very hot right now and home values are on the rise...Inventory in the Central Valley is low and home sellers are receiving multiple offers on their property. Now, is a great time to move up or downsize your home! If homeowners take advantage of this opportunity and hire an experience real estate agent familiar with the market in your neighborhood. Sellers will make a sizable profit from the sell of their home.
Interest rates are currently low. Interest rates are still under 5% on a 30 year fixed mortgage loan, which makes purchasing a home attractive to home buyers. However, rates will not always be at this low rate and once the rates rise...sellers will see a difference in what they are able to get for their home. In addition, if you plan on selling an re-entering into the home buying market...you'd want to be able to take advantage of these low rates yourself.
Qualified homebuyers are ready to buy! I personally have homebuyers who are ready to buy and actively looking for their dream home. Yes, sellers have options, but waiting can cost you to miss the incredible opportunity happening now!
Home sellers will not understand what opportunity awaits them unless they first step and request a FREE Market Analysis! Every market is different so receiving an analysis within your neighborhood is necessary to have a good understanding of what your home can sell for!
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