Have you been thinking about moving? Many things are uncertain, but one thing is certain for sure: HOME VALUES ARE RISING! In fact, over the next 12 months prices are expected to increase 4.8% according to the National Association of Realtors. This is excellent news for sellers. The low supply of properties on the market has put an upward pressure on prices and has Buyers paying more for properties and overlooking certain property flaws.
Last month in the area, 8 out of 10 properties had a multiple offer situation, had an accepted offer within 7 days of being listed on the market for sale, and on average buyers paid 5.04% over the asking price!
AND it is excellent news for Buyers too. Which is what you could be if you sold your home. How are high prices good for buyers? Well, coupled with record low mortgage rates, You can now buy a larger home or buy in a town that you could not otherwise afford a few years ago!