Each year, spring marks the beginning of the busiest home-selling and home-buying season.
Why? The weather is nicer, for one, making it easier for families to tour properties and move when they find the right one. Spring also affords families with children opportunities to start looking for a new home during spring break and other holidays. Families can move as the school year winds down and get their children settled before the new school year begins.
With the busy season just beginning, many homeowners might be wondering, “Does that mean I should list my home now?”
For many homeowners, the answer yes. First, home prices have increased consistency since 2012 and restored equity to millions nationwide, including those who have been seriously underwater on their mortgages in recent years. Today more than 6.4 million homeowners have regained equity.
What’s more, we’re in a seller’s market, with demand far outpacing supply. The spring season is expected to add to that demand and strengthen sellers’ position.
Finally, if you’re considering selling, you can afford more home now than you’ll be able to afford later. Mortgage rates are low, but as the year progresses, Freddie Mac expects rates to rise to around 4.5%. Home prices will continue to increase as well. So as the year goes on, you’ll be able to afford less home for the same amount of money.
I have a report entitled, “Is Spring the Season to Sell Your Home?,” that details the changes in the market and why now might be the perfect time to sell.
You can download the report from my website: http://hosted.cdpe.com/103530. After reading the report, contact me today to discover how much your home is worth!