Get Ready, Get Set, Sell Your Home!
Now is the time to get ready.
If you’re considering selling your home in 2014, the time for action is- NOW!
By Tracy Tkac
Why Now? Because buyers are already on the hunt.
The Internet is the new curb appeal
Last month will likely be remembered for record breaking cold temperatures, polar vortexes, lots of snow, and horrible traffic jams. All the while when home buyers were sitting home inside and trying to stay warm, they were looking at houses for sale on the Internet.
If you’re considering selling, now is the time to sell your Chevy Chase or Bethesda home. If your home is not yet online, then every day you’re missing out on thousands (or even millions) of potential buyers viewing your home.
Even more incentive for buyers
Spring is coming, and that is certainly driving a lot of the interest in homes currently listed for sale. But there are other factors at play.
Mortgage rates have declined over the past month and are currently trending back toward 4% for traditionally structured, well qualified loans. This is a significant development for buyers, as interest rates are a huge driver of home affordability.
For example, a traditional 30 year, $600,00 mortgage at 4.5% would have a monthly payment of $2,700. If rates declined to 4.25%, the payment would change to $2,550.
For borrowers on the edge of qualifying for a mortgage, that $150 per month savings could make the difference between getting a loan approval or not.
For buyers, the time is now!
Buy low and sell high, right? For buyers, the time to buy low is quickly ending, creating a sense of urgency to buy now before prices rise too high or interest rates return to more historically normal levels.
The spring selling season will be in full swing sooner than you think. Rates are low, there is urgency to buy now, and buyers are already coming out of their winter slumber. If you’re planning to sell you home in 2014, you need to be ready now. Don’t miss out on the perfect, well-qualified buyer because you waited a moment too long and Sell Your Bethesda Home!