Thinking About Selling Your Home in 2016?
Here are some points to consider
- Is it a Sellers Market? Or Turning into a Buyers Market?
- Rising Prices Will Slow Down
- More Competition From New Home Communities
- More Homes Will Be Coming On the Market
- Interest Rates Are Starting To Inch Upwards
**Although home prices have been rising consistently over the last few years, many experts say this is going to start to slow down. There will also be more competition on the market from resale homes, and new homes that will be entering the market, and interest rates are starting to inch their way up.
**Financing will still be a challenge for some buyers, and when financing is a factor, then an appraisal is also a major factor is determining your home's value. If you own your home free and clear, are you in a position to do "seller financing"? This may be an option that you should consider.
Many geographical areas have fully recovered, but there are many where they have never fully recovered from the economic bust or only slightly recovered. Obtain a current appraisal or CMA from a Real Estate Professional to determine your home's current market value.
Selling your home is a monumental event, and can involve many complcated financial considerations" according to "The Motley Fool's "Selling a home in 2016? What you need to know