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After several years of a buyer-centric marketplace it is finally time for sellers to enjoy the limelight. Right now, we are reporting inventory levels at unprecedented lows. In fact, today we have 35% fewer homes available on the market – and that means we have 35% fewer sellers out there competing against you.
Combine this change in our available properties on hand with the low prices and the record setting low interest rates and you have a winning combination! You have undoubtedly been hearing from me and other agents nationwide that it is a great time to buy – and it is. But now, with the change in our inventory make up, it is now also a great time to sell.
This is great news for homeowners that have been on the fence about either moving up into something bigger and better than their current home or those that are ready to downsize. Either way, since it is a dollar for dollar market, the trade is even.
But here is where the difference comes in: with the extremely low cost of borrowing today, you can walk away with a better home while paying the same monthly mortgage amount. Better yet, if you downsize, you can actually walk away with a significant amount of extra money in your pocket each month.
Either way, this is an ideal time to take some action on what you may have been thinking of doing for a long time now. Those people that have been waiting for the market to go back up will find that it will take years for them to recover pre-housing crash levels. When interest rates go back up again, that is what will make a huge difference.
To find out how we can make your real estate goals become a reality, contact me today! My number is 626 441 3449 and I can also be reached via email at megmiddleman@gmail.com.
