Here’s what buyers, sellers, and investors should know about this market.
Today I’m answering a question that our team has been getting a lot lately: “How’s the market?” The answer depends on your goals, but overall we’re in pretty good shape. There are a few things you should know whether you’re buying, selling, renting, or investing in the market.
If you’re a seller, you should know that you’re in a great position to capitalize on your equity and buy a new home if you’re interested in that.
Homebuyers can take advantage of low interest rates in this market, but we’re starting to see them climb a bit. If you’re well-qualified, you can still get a rate in the 3% range.
As far as investors go, prices and rent are up, but it’s more difficult to find properties in this market. If you’re an investor, now isn’t a bad time to offload a property. Then you can take those proceeds and use them to buy another one. Working with a good agent will help you tap into properties that might not be on the market yet.
“We’re starting to see interest rates climb just a little bit.”
If you’re still renting, now is the time to consider a home purchase. Reach out to us today and let us show you how affordable buying a home really is. It might be hard to save right now, but we can show you how to be a competitive buyer in this market even without a hefty down payment.
If you have any questions, don’t hesitate to call or email us. We look forward to hearing from you soon.