Buyers: Housing prices might come down - I should wait a couple of months
Sellers: If I wait until next year to sell, I can probably net another 25%
Here's the bold and beautiful truth:
FOR BUYERS -
Rates remain low and THAT is/should be a tremendous incentive for Buyers.
In simple terms, this means that - if you're qualified for a 400K house now - if the Fed notches rates up, that same $$ might qualify you for a 325K house.
Low rates and, relatively, affordable housing are 2 factors that are lined up, well, for buyers - right now.
Additionally, we're heading into the Autumn/Winter Seasons.
Historically, houses that remain on the market - during the "off season" are owned by motivated Sellers/Sellers that, for one reason or another, have to or want to move, asap.
Don't miss out on the rates and opportunities that abound - you might be missing out on some amazing opportunities - for reals !!
Home values have jumped !!
In many areas (In Greater Seattle/many /Western WA - Eastside Communities), values have improved by 32% !
You want to wait for what ?
When the market suggests inventories are less than demand - THAT IS the time to sell.
Speculation is fun, but can cost you tens of thousands of dollars - and, yes, might net you that much more too.
To simplify - take advantage of an improving market.
Better to sell on the way up, rather than on the way down.
Nobody knows where the peak is and when we reach the peak - so don't gamble on tomorrow when you know where you're at today.
Also, SELLERS....de-clutter that house BEFORE you allow an agent to snap those photos AND before you allow prospective buyers to view your home - or you're leavingmoney on the.........cluttered table !
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