Today, home sellers enter a housing market vastly different from the market of a few years ago. Home prices and demand have both increased amid improving economic conditions, and homeowners nationwide are finally able to sell after years of weathering the worst of the housing market crisis.
If you’re thinking of selling your home, you should take advantage of today’s favorable market:
1) Home prices Are Up
Over the last few years, home prices have skyrocketed. Millions of homeowners have regained equity in their homes, opening the door for many to consider selling. Chances are, your home is worth more than you think.
2) Demand Is High
With many homeowners sidelined from buying a home due to the struggling economy and housing market, demand has been pent-up for the last several years. As both the economy and housing market continue to improve, even more buyers are expected to enter the market.
3) Supply Is Increasing
Right now, sellers have an advantage because there aren’t enough homes to meet demand. However, new home construction is increasing and more people are listing their homes, which eventually will lead to greater competition for sellers.
4) It’s Getting More Expensive to Buy a Home
Interest rates on a 30-year fixed rate mortgage have stayed between 4% to 5% in recent years, but are expected to go up this year. Home prices are increasing as well, so the longer you wait to buy a new home, the more expensive it will be.
Fore more information on why you today’s market is great for sellers, read my report entitled “Why Now Is a Great Time to Sell Your Home”. You can download the report from my website
To Your Success,