2017 It A Great Year To Sell Your Home
Have you recently considered selling your home to downsize, expand or simply get a fresh start in a new location? Now is a great time to consider making the move. This year is strongly favoring a seller’s market, so the chances you will sell your home quickly with a great offer is high.
Ryan Fitzgerald, a realtor in Raleigh, North Carolina, has outlined nine great reasons to consider selling your home in 2017. Here are a few of them.
Low Mortgage Rates
If you are familiar with low mortgage rates, simply put the lower the mortgage rate, the lower your monthly cost will be. Because current mortgage rates are still low, many buyers are very interested in making a purchase a lot sooner than later. This is music to a seller’s ears.
A Decline in Inventory
Almost everyone has heard about the concept of supply and demand. The less of something there is, the more value it tends to have. The same goals for the real estate market. As the number of homes available for purchase decline, the value of those that are going to increase. This is a fantastic situation for sellers.
Strong Buyer Demand
It's no secret that buyer demand is back, and back in a big way from the real estate market collapse nearly 10 years ago. Many buyers are realizing that this is a historic time to buy real estate. With interest rates at historic lows, money is on sale. This is creating a compelling argument that purchasing a home is much better than renting. Especially, with how fast rental prices are appreciating.
Rising Home Prices
Due to there being a low inventory and a high demand, the cost of homes has increased significantly. Around November 2016, the average price of an existing home had...