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Why the summer is a great time to sell
August 1, 2018 | Valerie Vargas
Reasons to Sell Before the Summer Ends
Less Competition: Housing inventory
is under the supply that is needed for a normal housing market.
What does that mean? - Buyers are
competing with one another for available listings. This makes the demand for houses on the market increase. The median days on the market for a listing is low.
Perfect Timing: Prices are projected
What does that mean? - If a buyer
is looking to buy a higher-priced home, it will cost more in down payment and mortgage payment if he/she waits. Therefore, with the unpredictable market, buyers want to get ahead.
Sales Are Not Stopping: High home
prices and mortgage rates are not stopping sales.
What does that mean? - According
to Forbes, sales are not decreasing. The following 5 reasons are why home sales are not dropping.
Buyers want to lock in rates before they rise again
In the long run, renting can be more expensive than owning a home
Expert's agree that current rates are in fact not that high
Millennials are finally buying into the housing market
Owning allows people to control their housing costs
This summer is a great time to put your house on the market. Even though the housing market is inconsistent, people are always looking to buy. Make sure to get the information you need before the summer comes to an end.