If you’ve been considering whether or not to sell your home, now might be a good time to get more serious about it. There are several reasons why now is as good of a time to sell as it has been in more than 10 years. Here are just a few:
1. Rates Are Still Low. In fact, even with interest rates rising slightly and expecting to continue to climb, they are lower than they have been in many years. That leads us to the next reason.
2. Buyers Are Watching. Record low interest rates have increased demand, making it possible for buyers to lock in great deals on mortgages. Many buyers are pre-approved and ready to go as new low down-payment programs are making it easier for first-time buyers to make the leap from renting to home ownership.
3. Inventory is Low. On top of low interest rates and eager buyers, there just aren’t that many quality homes on the market. Total housing inventory is decreasing and top-quality homes are selling fast, according to the National Association of Realtors.
4. Values Are Rising. And if high demand, low inventory and affordable rates aren’t enough to encourage sellers, there’s also rising home values. That means you’re likely to get more for your home now than you would have previously.
Source: National Association of Realtors
Current as of February 2nd, 2017