Why Now Is The Best Time To Sell Your Home
Posted on March 31, 2020
THIS is the year to put your home on the market! After much research we have found why selling your home in 2020 would be most beneficial.
Low Rates, Higher Affordability
Mortgage rates are at a record low in nearly 50 years – THAT’S RIGHT. THE LOWEST RATES THEY HAVE BEEN IN 50 YEARS! These record low rates are prompting Americans into refinancing activities to take advantage of the low interest rates, which can bring huge savings. The recent drop in mortgage rates has also caused a spike in overall housing affordability. According to a new analysis, the marketâ€™s low rates have made a larger share of homes more affordable for the average buyer. Now is the time to consider securing a low mortgage rate while you can.
New Buyers Are Still in the Market
Everyone still needs a place to call home, and there will always be someone looking to buy a home to call their own. No matter what kind of housing market we are in, there will forever be people who need a place to live. Whether itâ€™s relocating for work, a rental lease is ending, looking for a second home or condo as a vacation rental investment, a growing family in need of more space, or people who are confident in their job security, these kinds of buyers are ready and always looking at the inventory in the market.
With the current state of the housing market, these buyers are acting smart in a way to achieve a stable monthly housing payment as well as record low interest rates on a new home.
The Future is Unpredictable, Sell your Home Now
Our Pensacola Market Recap shows the housing market is proving to stay strong even during uncertain times. You can still benefit financially in 2020. Due to economic changes, consider selling this year as opposed to next.
Ready to sell your home or buy a home? Your Southern team is here to assist! Let us know how we can help you even through these challenging times. Give us a call at 850.492.1826 or email at RealEstateSales@GoSouthern.com
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