Thinking of Buying or Selling? You Picked a GREAT Time!

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It’s no secret that after 2007 for a few years it got a little rough in terms of the real estate market. Lenders were going through some major problems, millions of homeowners were reeling from the aftereffects of a really bad mortgage crisis and it just didn’t seem that there was any relief in sight.

But today is another story. If you look at our marketplace now, you will see nothing but improvement across the board. We are experiencing increases and improvements in many areas right here in our local area. Sales are up, inventory is down, it’s taking less time to sell the homes that are on the market and generally – everybody’s happy.

Buyer-Centric Marketplace Keeps Going Strong

So what makes this a great time for buyers? Buyers are still able to enjoy the historically low interest rates that have been around for a while now and are expected to stick around until at least the end of next year. Banks have money and they are finally willing to lend it again. Our improved economy – regardless of whether it’s because of the Presidential election or not, also helps to boost the housing market.

Sellers Enjoying Market Ripe for Opportunity

Sellers also have a great environment right now. There are a lot of first time homebuyers out there right now, eager to lock in super low interest rates on 30-year fixed rate mortgages. There are also a lot of veteran homebuyers wanting to take advantage of the same low rates to upgrade (or downsize).

Yet another factor that impacts the current marketplace is that appraisers are finally coming around after years of being extra cautious when determining home values. We all know that increased home values equals higher prices and higher prices means better returns on the sale of your home.
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These are just a few of the very basic benefits of buying and selling right now; I invite you to come into our office to learn of how this can impact you directly. I look forward to serving you and making your real estate goals become a reality!