Hey!!! Are you considering moving to a new house? But, you are sceptic about selling yours?

As you look at the year ahead, one of your big goals may be moving. But, you are wondering what will be the right time? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell.

1. Downtrend of Mortgage Rates makes it affordable

The 30-year fixed mortgage rates peaked at 7.79% in last October. The good news is since may, they have hit the lowest level in January. That downward trend in rates has made moving more affordable now than it was just a few months ago.

Another reason for today’s rates to make now a good time to sell because with rates going downward more buyers are hopping back into the market. Many had been waiting on the fences for rates to fall, but now that it’s happening, they’re already in the market and ready to buy. That means more demand, more opportunities opened up for your house to be sold.

According to Sam Khater, Chief Economist at Freddie Mac:

“Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market.”


2. Get Ahead of Your Competition

Since, sellers are still in the deciding mode, there is a big room to be in an advantageous position since more people are looking to buy a home than there are houses for sale. The inventory is much lower than the demand however, you need to keep in mind, with the recent uptick in new listings, more sellers may already be re-entering the market. Thus, the more you wait, your opportunities shrink.

Listing your house now helps you beat your competition and makes sure your house will stand out. And if you work with an agent to price it right, it could sell fast and get multiple offers.

U.S. News explains:

“When there is low housing inventory, sellers could get top dollar for their homes.”

You get more buyers now and because of low inventory you can price it well.

3, Hurry up before home prices rise

Experts forecast home prices will keep going up this year. What does that mean for you? Hurry up… If you’re ready to sell your current house and plan to buy another one , then it’s time to sell your home at a good price so that you can get the leverage to buy the next home in an affordable price before the market shoots up.

4. Leverage Your Equity

A recent report from CoreLogic says the average homeowner with a mortgage has more than $300,000 in equity.

If you’ve been waiting to sell your current home because your next home’s affordability was bothering you. Here is the good news. Check your equity, it can really help with your next move. It might even cover a big part, or maybe all, of the down payment for your next home.

Bottom Line

It’s time to act now…. Contact us to get the process started now so you can get a leg up on your competition.

“Thanks for reading this article and for a hassle-free experience of purchase/sale of a home feel free to get in touch”.