It's a new year, and before we know it the spring real estate market will be in full swing. If you have been on the fence about selling your current home, now is a great time to put it on the market. In a few months, there will be a lot more inventory - and a lot more competition - so it makes good sense to take advantage of what is typically seen as a slower time of year for home sales.
If you've been thinking of buying a home, it's also a great time to get that process started. I love looking at homes in the winter - it's the time of year when the trees have no leaves and the yard is at its worst and you can see everything around a home. Once spring hits, the trees green up and fill out - the beautiful, lush, private yard you fell in love with in April will look very different come winter, and you may not be quite so fond of what you see then. By buying in winter, you can avoid those unpleasant surprises! And even if you don't think you're quite ready to buy, it's a great time of year to begin narrowing down your neighborhood choices.
Another reason to buy now instead of later? Rising interest rates and home prices. Between November of 2012 and November of 2013, the average home sales price rose by over $16,000 - in that same period, interest rates rose almost a full point (from 3.32 to 4.29 on average). By waiting a year to buy, the average home payment increased by $207 per month! Analysts tell us things are only going up from here, so again, now is a great time to buy.
Interested in seeing what's out there right now? Ready to find out what your home is worth in today's market? Give me a call - I'd love to help you get the ball rolling!