The pandemic has brought about changes to the housing market across our nation and we have definitely felt it locally. For the month of July, the change in the number of units sold in Frederick
Should You Sell Your Home In 2018
Dated: March 21 2018
4 Reasons Why You Should List Your Home Now
Have you been on the fence about selling your home? Are you wondering if now is the right time to enter the housing market? We have good news! Real estate markets are bouncing back across the nation. Houses are flying off the market at a record pace with buyers all competing to make a move. At Welcome Home Realty Group, in Frederick, MD, we have seen several of our listings go under contract in just days; with all receiving multiple offers! Spring of 2018 is looking to be a robust market for home sellers.
Here are four good reasons why you should consider listing your home now.
The housing inventory is low, giving buyers fewer homes to choose from. The result is multiple offers and even bidding wars on homes, benefitting sellers, who are more likely to get their asking price.
Mortgage interest rates are still low. While these rates may not be as low as we have seen in recent years, buyers can still take advantage of rates in the 4% range. In addition, knowing that these rates are on the rise, buyers are anxious to make a move now.
For the first time since the 1960s, the Fed has projected that the unemployment rate will drop below 4%. The low unemployment rate and an increase in consumer confidence are setting the stage for a stronger home buyer with more money to put towards a home.
First time home buyers are also on the rise. Due in part to the millennial generation. They are the largest generation in US history. As they enter their 30's and transition from renting to homeownership, the pool of first time home buyers will only increase.
These factors all indicate a strong seller's market. With more buyers on the hunt and more money in their pockets, now is the time to sell. If you are ready to make the plunge and list your home, give us a call. We are happy to help.
With more than 10 years of real estate-specific experience, Kristen Carey is both a licensed Realtor and the Marketing Manager of Welcome Home Realty Group. As Marketing Manager, she is dedicated to p....