Selling Your Home Earlier In 20181/15/2018
Why You Should Sell Early This Year
If you are looking to put your home on the market, now is the best time to do it! Mortgage rates are still quite low which promotes an influx of eager home buyers into the market. But this rate is predicted to increase in the next few months. This means buyers interested in purchasing your home will be more likely to settle on higher price points to avoid a mortgage rate increase. Another reason to sell right now is that there are currently more home buyers than there are homes for sale. The high demand market and lower supply of homes for sale tend to lead to bidding wars that are sure to push up the price of your home. However, like the predicted mortgage rate increase, the supply levels are predicted to rise in the next few months so get your home on the market sooner rather than later to ensure you come out with as much money as you can get for your home. Along with good mortgage rates and a high demand market, people are looking to buy homes due to having more money to invest in a home. Unemployment rates are quite low and consumer confidence is quite high. Therefore, people are willing to spend more money on the purchase of their dream home while mortgage rates and inventory levels are low. A last reason to sell your home earlier rather than later is that people are ready to make the move from rentals to ownership while supplies last. If you are ready to sell your home, now is the best time to do so!