Is now a good time to sell your home?
Interest rates are low, so that means there are potential home buyers that want to take advantage of the low interest rate to purchase their new home. With commuting changes that appear to be coming more permanent in which individuals will be working more from home, spending fewer days of the week in the office or their traditional work location, people are looking for homes away from the city. These are two of the reasons the home market has stayed strong and makes for a good time to sell your home if you have been considering it.
Another benefit of selling your home right now, is that the number of homes on the market is low, so there will be more competition for the homes that everyone wants. This is a factor that has kept the price of homes increasing, even during the coronavirus pandemic. This will also help you in achieving the pricing goals you set for selling your home.
With the interest rates being low, this means that home buyers can and are willing to spend more on their new home. Homeowners moving away from the city who have been paying typical prices for a home in or closer to the city find that they can afford a larger or newer home in the suburbs. With the lower interest rates and being able to obtain more home for their money, buyers are willing to spend more on their home purchase.
As the economy builds back up with employees returning to work and the unemployment rates decreasing towards pre-coronavirus numbers, potential home buyers will try and cash in on the low interest rates before they increase.
In addition, if you have been considering upgrading or buying a new home, along with being able to get top dollar for your home, you can take advantage of the lower interest rates to purchase the home you have been dreaming of.
We would be happy to talk with you about the many advantages of selling your home now and putting a plan together that works best for you. Reach out to us today and we will help you with your home selling needs.