Why You Should Sell or Buy Your Home Now

Have you tried selling your home, only to receive offers that are significantly below what you paid for your house?

Would you love to move, but are afraid of the market?

Happy 4th of July everyone! This is one of my favorite holidays. It’s the time to sit back and enjoy the freedoms of living in this country.

Living in America is amazing. We have had some difficult times it the past 5 years, especially with the housing market. Many people bought their house in early 2008 only to find out that in 2009 the value of the home had decreased.

The American dream of owning your own home seems to have become harder and harder to attain. But, here’s the think I Have Good News.

Housing News You Need to Hear

I have such good news that I wanted to share it with you, even on a holiday.

Picture this, today you are hosting the 4th of July party. Friends and family are coming to your home. Yes, the home that you purchased early in the year and have been investing time and money into it to make it your own.

You had looked and looked for this home. At first you weren’t in a hurry and you wanted to make the best decision. Then you found it - your perfect home. The sellers were apprehensive at first as they had been trying to sell their home off and on for a few years.

In the end you got it! And you bought it at the perfect time, since interest rates are now going up.

What, you say? Interest rates are going up?

Here is what the Wall Street Journal is reporting,

"The National Association of Realtors on Thursday said its seasonally adjusted index for pending sales of existing homes rose to a reading of 106 in April, up 0.3% from the previous month and a gain of 10.3% from a year earlier."
"The housing market continues to squeak out gains from already very positive conditions,” said Lawrence Yun, the group’s chief economist. The last time the reading was higher was in April 2010 when home buyers were rushing to qualify for a federal tax credit."

Previously Owned Homes

More and more buyers are searching for previously owned homes. Interest rates are already on the rise from their 3.5 position. In a story from a NRP article, one man had been quoted the 3.5 percent interest rate in May of 2013. In July, two months later, he was offered a 5.2 percent interest rate for the same loan.

Let’s be honest, the 5.2 percent interest rate is still pretty low, especially when you compare it to the 18 percent interested rates that we saw in the 80s and 90s.

The Truth Is

The housing market is and will turn around. Right now with interest rates so low, it’s the perfect time to buy, making it also a great time to sell. Your American dream isn’t so far off anymore.

If you have any questions about selling or buying your home, please contact me. I would love to help in anyway I can.

I hope you have a wonderful holiday everyone!