Most people think that spring is the best time to sell a house. Spring certainly has it’s flurry of traffic, but fall has its advantages too. To begin with, many other sellers say they are going to wait until spring so the competition significantly decreases.
Secondly, buyers looking this time of year are much more serious than the flow of tire kickers that enjoy touring homes when the weather gets warm.
Lastly, interest rates are on the rise. Did you know that a 1% increase in the interest rate DECREASES your buyer’s purchasing power by 10%. What does this mean? A home priced at $200,000 at a 4% interest rage would have a payment of around $1000 per month. If the rate went up to 5%, that would only allow the buyer to purchase a home around $180,000 to keep the mortgage pay
If you are curious what your home is worth in this market, reach out to us today for a free/confidential market analysis. We can help you map out a marketing strategy and timeline that works best for YOU!
Cassondra & The Key Team | 919.351.5065 | www.TheKeyTeam.com