Temperatures are plunging but home prices are rising.
Temperatures are getting lower, the snowfall count is getting higher and there is talk of a polar vortex yet there is also much chatter about the steady increase in home prices. And while a home near palm trees may seem enticing, local buyers are out there today and they are not simply looking…they are buying.
The housing recovery is slow but steady and strong, and mortgage rates are still low, making this an ideal time to buy, especially for the countless number of first time homebuyers in today’s market.
Often a homeowner will wait until spring to list their home. They believe their home will show better and there will be more buyers. Truth be told, homes sell every day, every month and in every market. And buyers in January are more prepared to make a strong offer on your house than a browser in June.
So I am asking you seller’s out there…what are you waiting for? For the spring market? For the competition to increase while decreasing the premium you will receive for you home than if you listed today? For browsers to stop by and look then thank you for your time as they move on to the next on their list?
Now I am asking the same of the buyers reading this. What are you waiting for? For mortgage rates to be higher? For home prices to be higher? Wouldn’t you be warmer spending that extra money on a vacation near those palm trees?
If you are serious about buying or selling a home, or simply considering the possibility…now is the time to visit us in one of our warm offices to discuss your options.
We are happy to meet with you and look forward to speaking with you. The only decision you will make at that meeting is coffee, tea or hot chocolate?