Sell NOW or LATER?

Dated: 10/12/2018

Views: 65

Have you wondered if now is the right time to sell your home and upgrade to a new home? Do you need additional space, or want to relocate to a more desirable location? It’s never too early to start planning a transition into your dream home.

Inventory has remained low causing home prices to rise quickly over the last few years. Many homeowners are still waiting to list their homes hoping to see additional price and equity gains. However; market changes are expected to come as Buyers’ are beginning to feel the frustration with the seller’s market. Buyers’ have found it difficult to find homes, are frustrated with dealing with multiple offers, rising prices, and rates. This indicates that some buyers may be halting their home searches. This market adjustment may cause decelerated price gains due to buyers’ choosing to sit back and wait. In the meantime; more sellers coming on the market will increase your competition. 

Is now the best time sell? At this time, we believe that it is. The real estate market currently offers many opportunities for sellers to get top dollar for their home. A higher price on the sale of your current home can create more buying power on your next, move-up home.

Interest rates are another market indicator and rates are expected to continue to rise so waiting may also cause higher monthly mortgage payments. Other expenses such as property taxes are also expected to rise. So why wait?  If you’re hoping to upgrade to a bigger home, there is currently a larger selection of desirable upper-tier homes available on the market. Fact: less competitive bidding for upper-range homes gives you a huge advantage as a buyer.

Do you need some tips on how to prepare your home for sale to beat out competing sellers and maximize the price for your home? Give our team a call today! - 612.325.6324

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Kurt Peterson

Kurt has been in the real estate industry for 13+ years helping clients through one of the most important investment decision of their lives. His dedication to the client by providing professional rea....

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