Our phone is ringing with sellers wanting advice on getting their homes ready to sell in the upcoming spring market. If you are considering selling in 2015 to take advantage of interest rates while they are still low, call to discuss your goals for buying your dream home. Your competition is already getting ready!
Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. In most areas, prices are still below those of a few years ago. Also, interest rates are still near 4%.
However, sellers should realize that waiting to make the move while mortgage rates are projected to increase probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point:
Source: Keeping Current Matters