Here are a few reasons to sell a home in 2017
Throughout the state and country, properties have gained tremendous value over the past few years. This year, experts predict that home prices will level out or dip some, but there are still some compelling reasons to sell. Below are just a few reasons to sell a home in 2017:
Interest rates
Although rates have inched up a bit since the election in November, they still remain near record lows. However, experts predict that rates will rise again, as much a 0.9 percent, by year-end. That means many buyers will be motivated to find a home before that rate hike happens.
Minimal competition
The current real estate market is tight, which leaves buyers with fewer options. As a seller, that is great news for you. Buyers will be motivated to move quickly for the perfect home (yours!) and pay asking price or higher.
Strong economy
Unemployment rates continue to fall, and people are relocating to new areas for jobs. That means more buyers with the financial confidence to take the leap into home ownership. That is good news for sellers because more prospective buyers translates into a faster sale and better final price for your home.
One caveat
As a seller, you might be hoping to purchase another home in your market or in a new town. That means you will be on the buying side of the equation, and thinking yourself about interest rates, low inventory and prices. If you are downsizing or moving to a less expensive market, these issues may be less of a concern.If you are hoping to upgrade to something larger, keep in mind that these factors may impact your search as well.
Working with a skilled real estate agent can help ensure that you know all the relevant factors that will affect your home sale or home purchase. Your agent will work to get you the best deal whether you are the buyer or the seller.
If you would like to learn more about buying or selling a home in Steamboat Springs, contact us using the form below. We have more than 30 years' experience and the local insight to help you sell quickly or find your perfect home.