Even in a so-called sellers market, it can still be a good time to purchase a home. Here’s why.
Are You a Renter?
If you’re currently a renter, you’ll likely face an increase in rent at the end of your lease — especially in a tighter market in a robust economy. With interest rates still relatively low, it’s possible to finance a home with a monthly mortgage payment lower than your rent payment. On top of that, you’ll be building equity in your home and utilizing the significant tax advantages to owning over renting. Learn some important facts about mortgage pre-approval here.
Are You a Homeowner?
If you currently own your home, but wish to upgrade, a sellers market may also work in your favor. If your current home is in a desirable location and meets the size and price requirements for the majority of today’s buyers, you could walk away with a substantial down payment on your next home. That favorable scenario will keep your new mortgage payment under control and help build your future equity. Get a free home valuation by clicking here.
Be patient. In a sellers market, homes sell quickly and you may miss out on a few opportunities before finding a home you want at the right price — and having your offer accepted.
As always, do your homework. Speak to several lenders and seek out properties in areas that are likely to appreciate in value.
Thank you for reading my blog posts. If you have any real estate questions, please email me: [email protected]
I have a strong focus on customer service. I am Association of Staging Professionals® designated Real Estate Agent and an Member of the Institute for Luxury Home Marketing. Through coursework completion; I have the tools to properly help stage a home for a faster sell, list homes in 19 different languages allowing for global syndication for maximum exposure. One in 12 homes sold in the U.S. are to foreigners. With the amount of foreign industry coming to work and play in Charlotte; global syndication is important. My coursework with the Institute for Luxury Home Marketing gives me the tools needed to effectively market ALL price points; giving them that extra edge on marketing to get them SOLD!
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