Thinking Of Selling Your Home? 5 Reasons To Do It Now
1. Demand Is High – Serious buyers are on the hunt for their dream home. The buyers know that interest rates are on the rise, and they want to take advantage of the low rates before they’re gone. Buyer traffic is 17.2 % higher than a year ago. The buyers are out there, and they are serious about purchasing.
2. Supply Is Beginning To Increase – Total housing inventory last month rose 5.6% to 2.28 million homes for sale. Many real estate experts expect inventory to continue to rise. Selling now while demand is high and before housing supply further increases may allow you get the best price for your home.
3. New Construction Is Making A Comeback – All around our community you see neighborhoods filled with home construction crews. Recently, since the market has been recovering, many builders have started new projects, and their homes will hit the market soon. New construction homes provide strong competition for resale homes.
4. Interest Rates Are Rising– Interest rates for a 30-year mortgage have increased to 4.57%. The National Association of Realtors, Freddie Mac, and Fannie Mae are all predicting a steady increase in interest rates up to 5.1% in 2014. This means that if you’re planning on using a mortgage to a buy a new home, your housing expense will be much higher in a year than it is now.
5. The Sale Is Guaranteed! – All agents say they will sell your home. Well, the Lowry Team backs it up. If your home fails to sell in 88 days or less, we will sell it for free. Yes, you read that right! We will sell your home at a price acceptable to you, GUARANTEED!
Get started by finding out what your home is worth at www.GuaranteedSale.com
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West Chester & Mason Ohio Real Estate: This Month In Real Estate – October 2013