Why Home Owners Need to Get Moving!

We agree with an article in CNNMoney recently highlighted several reasons why this spring would be the perfect time for home owners to get off the fence.  Here’s why:

  • Less competition: A limited number of homes on the market will help sellers nab top dollar, and may even spur bidding wars and multiple offers.
  • Mortgage rate hikes loom: Mortgage rates are still sitting near historical lows, with the 30-year fixed-rate mortgage hovering under 4 percent. The low rates have helped push more buyers into the marketplace, but they could also be a good thing for sellers who are looking to rebuy.
  • Soaring rental costs: Also spurring more potential home buyers off the sidelines: Rising rental costs. Rental prices have increased 15 percent nationwide in the past five years in many areas, according to NAR research.

Source: “4 Reasons to Sell Your Home Now,” CNNMoney (March 25, 2015)