3 Reasons to sell your San Diego home -If you’ve been on the fence about selling your current home, what are you waiting for? The housing market has been steadily improving over the last few years.
Although interest rates are creeping up, they are still below historical levels. And while home values are increasing, they’re still considered affordable. So, why wait?
Here are the top 3 reasons why it’s a great time to sell:
1. Your home may be more valuable. National home values are expected to increase by 5% year-over-year from June 2013 to June 2014, increasing to levels last seen in August 2004.
2. The increased competition among buyers may mean that your home will sell for closer to its asking price. Inventory is considered low in many areas, and represents a 5.1 month supply at the current sales pace.
3. Your family or life situation has changed. Growing families may need more space than couples or families with grown children. Younger buyers tend to sell their homes because they want to upgrade to a larger home or they are relocating for a job. Older buyers may sell to downsize to a smaller home in retirement to minimize home upkeep due to health, finances or to be close to family or friends. If your home no longer fits your needs, it maybe time to sell it and buy one that does.
EXPERTS PREDICT THAT HIGHER MORTGAGE INTEREST RATES MAY BOOST DEMAND AS MORE HOMEOWNERS ARE DRIVEN TO BUY BEFORE THE RATES GET HIGHER.
If you’re looking to sell a home or want the scoop on the local housing market, give me a call at 619-248-5484
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