Benefits to Buying and Selling in Today’s Housing Circus
It’s a circus out there. Low inventory. High prices. Low mortgage rates. No more space at home for all the home offices you need. Whether you’re thinking of buying your first home, selling to live in a trendy tiny house, or investing in your dream vacation home, there are benefits to making the move right now.
The industry may see many trends this year, but these are at the top benefits of buying and selling:
Why Buy?
Low Mortgage Rates. Today’s most compelling buyer incentive is low mortgage interest rates. Right now, rates are averaging a stunning 3% nationwide.
Buyers beware, the old adage of what goes down must come up still applies. While low mortgage rates are a plus for buyers right now, moving at the speed of a sloth will get your nowhere. If you’re still on the fence about buying a home get off it: the best time to buy real estate will always be yesterday.
Why Sell?
Low Inventory. The lack of houses for sale continues to challenge the market, and with low mortgage rates fueling buyer demand, homes are hard for buyers to find today.
Buyers suffering from F.O.M.O. are over-eager to purchase and often fall into the bidding war trap. Which means dinner for you. And, sellers have even more leverage in the negotiation process, adding fuel to the already burning fire.
Homeowners in a position to sell shouldn’t wait to make their move. With low inventory and high buyer demand, they can potentially earn a great profit on their houses, selling them quickly in the fast-paced spring market.
What You Need to Know
It might seem like an overwhelming time to jump into the housing ring, but there are major perks to buying and selling in today’s housing market. The Green Mortgage Team is stacked with finance experts here to help you navigate the terrain.
-Kyle Green
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