WHY BUY/SELL NOW?????2/25/2011
In a market so uncertain, with an economy on shaky ground, you may be thinking that NOW is not a good time to buy or sell a home. Not true and let me explain why. The current interest rate is still under 5%, which allows a buyer to purchase more house for less money. The market still has about a year's worth of inventory-a balanced housing market has about 8 months of inventory-meaning there is an abundance of choices out there, priced competitively. Why is this a good time for Seller's? If your home is market ready (clean, updated, in good repair) and you have taken your real estate agent's advice on pricing-those homes are selling quickly. The key is to be the best home, priced competitively in your area. Now, more than ever, your home has to look great for every showing. Look at feedback as a tool for getting the most for your home and make sure you are priced correctly before the interest rate increases and this window of opportunity closes.