Selling your home takes a lot of thought and planning, so if it has been on your mind for the last few months, now is the time to decide. With the end of 2017 quickly approaching, you may want to make the decision soon to sell your home in order to get the most return on investment and a quick sale.
Here are some reasons why you should sell your home before the end of 2017.
High Home Prices
Right now, it is what real estate professionals call a “seller’s market” because home sellers are getting top dollar for their homes. Why, might you ask? It is the simple concept of supply and demand. There are not enough homes on the market right now to satisfy every home buyer. Not only does this mean that you will get a great price for your home, but it also means that your home will most likely not sit on the market for weeks or even months!
Homes are going quickly, which is why it’s crucial to make the decision to sell your home soon.
Low Interest Rates
Mortgage interest rates have never been lower! In fact, just in April the interest rate hit its lowest at a whopping 4.16 percent with a 30-year fixed loan. What does this mean for people selling their homes? It means that people are more likely to buy a home if it means they can get a great interest rate!
Rising Rents
The price of rent has gradually been increasing throughout the year in many cities, meaning renters may not want to sink in a ton of money per month on someone else’s property. Instead, renters are looking to buy a home and grow equity through their monthly mortgage payments. So, instead of paying off someone else’s mortgage and gaining nothing but a place to live, they will now own property!
For sellers, this means that there are more home buyers in the market.
Sell Your Home
If these three crucial reasons to sell your home before the end of 2017 didn’t help you make a decision, then maybe it isn’t time to sell yet. If these reasons did help you decide, then make sure to call Philadelphia’s leading real estate agent, Agent Lady! Working with the professional Agent Lady team will offer you exclusive marketing of your home and a free consultation!
Feel free to give her a call today!
About Agent Lady: Cherise Wynne is a leading real estate agent in Philadelphia, helping home buyers and sellers navigate the City of Brotherly Love, with a special focus on first time home buyers. To chat about getting started with your first time home buying experience, call 215-518-5193 or click here.
