Would you like to sell your Boston home? Do you think that
you missed your chance, now that summer is a distant memory and the holidays
will be upon us soon? As your Boston real estate agent, it’s my job to tell you
that this isn’t true. Now is actually a great time to sell!
Not convinced? The KCM Crew just shared a slew of reasons
why home sellers should jump into the real estate market right now. I’ve summed
them up for you here:
- Demand is high. You can’t sell your Boston home if there aren’t any interested Boston homebuyers. So, even if you think a different time of year will work better for your schedule, you should focus on the demand from buyers. Right now, that demand is high. Mortgage rates have fallen again, due to the government shutdown, so buyers want to act before they shoot back up! To prove it, home sales have increased for 25 months to a double-digit percent!
- Supply is increasing. The best time to sell is when inventory is low, because that’s when Boston homebuyers have few options and will negotiate in your favor to get your house. As inventory increases, buyers will have more options, and you’ll have to negotiate in their favor. Inventory has already slightly increased, but it’s expected to continue rising as more homeowners come out of negative equity.
- New construction is back. For a long time, Boston home sellers only had to compete with other sellers and not new construction. But it’s back now that the Boston housing market is recovering. This means that buyers will have the opportunity to buy your home, or that shiny new home down the street. Acting now is a smart plan, before the new construction hits the market!
- Interest rates will rise. Like I mentioned, buyers are eager to act now, before mortgage rates rise again. Almost all industry experts predict that rates will be up a full percentage point by this time next year. While this means less buyer interest, it also means that if you’re looking to move up or down, you’ll be affected by this too. Sell now, and you can snatch a low rate for your next house.
- It’s time to move on. There is a reason that you’re thinking about selling your Boston home now. Is it for a new job? To grow your family? To retire? To be closer to family? Whatever your reason is, you no longer have to wait. The housing recovery is here, and it’s a great time to sell. Why not move on and accomplish the life that you imagine?
Hopefully these points helped to show you what a great
opportunity Boston home sellers have right now in the Boston real estate market. If you’re still coming up with excuses, see if yours is one of the top
five bad reasons why homeowners decide not to sell. Realty Times created a
rebuttal for each, so check out their article!
When you decide that it is time for you to sell your Boston home, contact me! As a Boston real estate agent, I’d love to help you out.
Phone: 617-642-7585
Email: pf@pattifine.com
Patti Fine Real Estate
Greater Boston Area Homes
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