I bet you’ve heard it on TV, heard it on the radio, or read somewhere that right now is the best time to sell your home! Have you heard why?
There are several reasons why selling now might work out better for you than waiting. First, interest rates on home loans are low right now. They won’t get much lower and could start going up at any time. If you put your home on the market now when interest rates are low, you probably won’t have to wait very long to find a buyer. However, if you wait to sell your home, interest rates could be much higher, which means it may take awhile before you can find a buyer who can afford the mortgage.
Next, banks are lending money right now at some of the best interest rates in decades. This means that buyers can actually qualify to get the home loans they need to buy homes. If you wait, the banks may not be lending money to the extent they are right now. You won’t be able to sell your home if the banks aren’t lending money as most buyers do not have the cash on hand for such a large purchase.
Finally, if you are looking to buy a bigger home then you can take advantage of these very same factors to help you move up into a larger or more expensive home and have a lower interest rate and be able to find financing quickly and easily as long as you have decent credit.