With the changing economy, the housing market has also been through some major changes…good and bad. Thankfully, we seem to be out of the bad and headed toward great things in the real estate industry. Studies show that now is a good time to sell. After the crash a few years ago, the market has been on the rise, but this year is expected to be one of the best yet with the majority of Americans being comfortable in their jobs, bringing home decent pay, and ready to settle down. Are you ready to sell? Here are some things to consider when making your decision…
- Rent prices are sky rocketing. Why would someone want to pay the same or more to rent as they could a mortgage payment which will gain them equity and eventually lead to owning the home outright? Buying makes much more sense than throwing money toward rent each month. Where there are buyers…there must be sellers! (Read more about renting vs. buying)
- With the upswing in the real estate market, you are likely to make more on your sell now than in years past. Sellers have recently been seeing much larger profits when selling their homes. This is a result of the overload of buyers and shortage of houses on the market.
- Interest rates are still low which will bring out more buyers. It’s time to get your house out there while the buyers are still eager to buy. And if you are looking to take out a mortgage on another home, you will want to take advantage of the lower rates as well.
Not too long ago, a U.S. Home Sales Report stated that Denver ranked the 6th best market for sellers. If you have ever thought about selling, now is the time. Get a jump start on the sellers waiting until spring to list their home. Don’t let your selling fears hold you back from reaching your dreams!