3 Reasons To Sell Your Home In 2017
If you have been on the fence about selling your home, it may be the time to really consider it. 2017 is shaping up to be a great year to sell your home, with a vibrant market and lots of money to be made in your home. Here are 3 reasons to sell your home in 2017.
Low Mortgage Rates
With mortgage rates in the 3’s and 4’s, this year has really heated the market up for home sales. So many people are trying to buy a house right now because of the potential to save money and upgrade their living situation.
Low mortgage rates always push the market. While they’ve been here for a while, they may not last the year. The Federal Reserve has pledged 2 increases to their rates, which will directly raise interest rates for everything from homes to cars to credit cards. If you aren’t locked in at a low rate this year, you may miss it, so people are overpaying for homes. A great reason to sell your home.
Not A Lot of Selection
Supply and Demand, guys. It’s the basis of economics. You can watch your home’s value rise this year because the inventory just isn’t there for buyers. It’s a crazy time right now. Some homes are coming off the market right after they go on, or right after an open house. People are making offers immediately because they have been outbid so many times. Homes are going for above asking price. Scarcity leads to inflation of value.
If you wait, you could miss this. While construction slowed after the 2008 crash, it’s been ramping up. People are discovering the value of their homes and selling. Home values won’t increase exponentially. If you want to sell your home, get in now.
Higher Home Values
Home values have increased month over month for the past 5 years. It’s crazy how much money is being thrown at homes and homeowners. Your home is worth more than you may believe. Look around, see if anyone in the neighborhood is selling, check online for your home’s value. If it’s over what you are thinking it should be worth, you can test the market. Go to some open houses and look at homes for sale. Is it nicer than yours? Are they asking more than you would? Do the research (or call an experienced realtor who can help sell your home)!
If you’re ready to buy or sell your home, Rick & Tracy Ellis are ready to make your dream come true. Call us today at 636-299-3702, email us directly at email@example.com, and visit tracyellis.com for more information on buying and selling your home. You can also listen to the “The Rick and Tracy Ellis Show” every Saturday at 4 p.m. and Sunday at 10 a.m.