4 Reasons to Sell My House Now
4 Reasons to Sell My House Now
Once you’ve decided that you are definitely going to sell your house, you may start questioning the timing of your decision. How can you determine when the right time to sell your house truly is? Read on and learn why when you start to ask “Should I sell my house?” the answer is going to be -Yes, and do it now!
Interest Rates are On the Rise
When the financial crisis hit, The Federal Reserve (The Fed) drastically reduced interest rates to encourage potential home buyers to invest in real estate. Now that the economy is back on the rise, so are interest rates, which have been climbing since late 2016.
While rising interest rates signal that the economy is doing better, it also potentially limits the amount of people who can afford your home. The same people who were able to buy a $500,000 house at a 3.5% interest rate may not be able to do so at 5.4%. Indications from The Fed are that interest rates will only continue to rise in the near future. Selling your house today is a way to ensure that you maximize your potential pool of buyers, especially if you believe that your home would make a good first home purchase for someone else.
Warm Weather Equates to More Traffic
Many Sellers are are asking the same question – “Should I sell my house now?” Season is the reason that answer is YES! While homes listed in the winter months do sell, you can almost guarantee that open house traffic will be lighter during this time and heavier in Spring and Summer
The best way to increase your chances of selling your house is to get as many people as possible through the door. Right now is the time to take advantage of gorgeous weather and kids being out of school.
You Can’t Time the Market
You’re not a fortune teller, and you have no way of knowing exactly how high or how low values of homes will move in the upcoming years. If you’re tiptoeing around putting your house on the market because you think that you might be able to fetch a slightly higher price in the future, you’re opening yourself up to a huge amount of risk. The market is trending slightly downward and if you wait for it to turn around, you have no idea how long you’ll be waiting. Many markets around the country – Florida, Arizona, pockets in Chicago and even Vancouver are seeing noticeable downturns. This is a great indicator that changes are on the way for San Diego.
You also can’t time trends. Maybe you live in a ranch house and split-levels are about to become trendy. Maybe you want to upgrade your kitchen with white marble counters and black is about to come into style. If you want to sell your house, then now is the right time to sell. Don’t worry about what the market is going to do; worry about your goals as a property owner.
Unforeseen Costs to Holding onto Your Home
Even if your house goes for a slightly higher price in the future, every day that you hold onto your home means another day of carrying costs. Between a mortgage, taxes, holding costs, the day-to-day price of keeping up a home is expensive.
You can’t guarantee tomorrow morning your basement won’t flood, your hot water heater won’t break These unforeseen incidents can open you up to tons of extra costs that you didn’t anticipate. Tell yourself – sell my house now and get the best price today!
Do you want a free evaluation of what your home is currently worth? Click here – help me sell my home now.