Here are two reasons why you shouldn’t wait until spring to buy.
Around this time of year, we frequently get asked whether homeowners should wait until the spring market to list their properties for sale. The simple answer is no, but we’ll share two reasons why you shouldn’t wait to list.
The first reason you shouldn’t wait to list is inventory. It’s commonly believed that the spring market is the perfect time to sell a home. However, people don’t consider the number of homes that are on the market at that time. Right now, we have 500 homes on the market. That’s extremely low. As soon as the spring market arrives, inventory will rise considerably. That will bring more competition and could lead to a lower sales price.
“Right now is a great time to sell your home.”
You also shouldn’t wait to list because of interest rate volatility. Interest rates are extremely low right now and economists are predicting that they will rise this year. Increasing interest rates can impact the future viability of buyers for your home.
Right now is a great time to sell your home, so if you would like to get a free market analysis, reach out to us. If you or someone you know is looking to make a move outside of the area, we’re part of the world’s largest referral network of top agents. We would be happy to find the right agent for you.