You may be tempted to hold on to your property until home values rise, but here are 5 reasons why it might be smarter for you to sell right now.<\/p>\n
1) Interest rates are on the rise.\u00a0 Rising interest rates eat into the buyer’s purchasing power.\u00a0 As rates increase, the mortgage amount a buyer qualifies for decreases.\u00a0 This will eventually have a negative effect on prices.<\/p>\n
2) Your Dream Home will never be cheaper.\u00a0 You have a fabulous selection of replacement homes right now!\u00a0 Prices are projected to continue to soften in most markets.\u00a0 If you are a buyer, COST should be more important than PRICE.\u00a0 The cost of owning a home is increasing as mortgage rates go up.\u00a0 If you are waiting for your current property to increase in value, how much will you be losing as your costs go up?\u00a0 Do the math and decide if now is the time.<\/p>\n
3) Buyers are coming out early.\u00a0 As buyers see improvements in the market and rising mortgage rates, they have started the buying season early.\u00a0 The time to take advantage of the early birds is now.<\/p>\n
4) Inventory increases every spring.\u00a0\u00a0 Summit County has a huge surge of inventory every spring that peaks towards the end of August.\u00a0 There is pent up selling demand created by the weak market of the last few years.\u00a0 Sell earlier and take advantage of having less competition or sell during the height of the selling season.<\/p>\n
5) The foreclosure storm.\u00a0 Foreclosures are direct competition for your house.\u00a0 Experts predict an release of bank owned properties which have been so far been delayed.\u00a0 Hopefully Summit County real estate will not be effected by this as much as other markets.<\/p>\n
The bottom line.<\/strong> Give me a call today if you have questions about our market, real estate values, your neighborhood, or the value of your property.\u00a0 I can help you decide what the best options are for you and your family.<\/p>\n","protected":false},"excerpt":{"rendered":" You may be tempted to hold on to your property until home values rise, but here are 5 reasons why it might be smarter for you to sell right now. 1) Interest rates are on the rise.\u00a0 Rising interest rates eat into the buyer’s purchasing power.\u00a0 As rates increase, the mortgage amount a buyer qualifies for decreases.\u00a0 This will eventually have a negative effect on prices. 2) Your Dream Home will never be cheaper.\u00a0 You […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[11,17,18,21,25,27,28,30],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/602"}],"collection":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=602"}],"version-history":[{"count":0,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=\/wp\/v2\/posts\/602\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=602"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.mountainre.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}