The housing market is the strongest it’s been in a decade, in part because renting just keeps getting costlier.
So if you’re deciding when the right time to put your house on the market this year is, the answer is NOW.
Spring historically is the busiest season to buy and sell a home, no matter what part of the country you live in. That’s because, the weather is warming up, curb appeal improves with flowers in bloom and green lawns, and the school year is almost over. This translates to more homes for sale and more buyers looking, both of which create better comps throughout the neighborhoods that drives sale prices up and bring sellers the best ROI.
The National Association of Realtors December 2016 report showed nearly 5.5 million previously owned homes were sold last year. And with inventory of homes for sales now at record lows, the demand is strong making homes sell faster.
Also encouraging home buying are high rents and low mortgage payments. However, mortgage rates are expected to begin climbing in 2017, so it’s best to commit to your move and act now.
If you are getting ready to put your house on the market, call me at (719) 447-7915 to get the process started.Questions? Contact The Shane Ray Team Today!