Wednesday, November 21, 2018

Should I Sell My Home Now or Wait Until Spring?

Should I sell my home now or wait until spring? This is a common question among sellers. There are certainly advantages to selling now rather than waiting.

The Seattle housing market has been difficult for buyers for several years. There was so much competition for very few homes, that buyers got burned out. They were exhausted by making offers and not getting the house they had counted on. The market has changed and we're seeing more buyers in the market again. One of the differences with a more normal market, is buyers are taking longer to make a decision as well as having home inspections done and seeing more homes before they make an offer. This is to your advantage. Many of these buyers will wait until spring but many are tired of waiting and they want to buy a new home now. There is traditionally less competition for homes in the winter and buyers are ready to make that move.

Mortgage rates are also usually better in the winter. With record low rates for many years, we're seeing the interest rates start to rise and we do expect that trend to continue. Again, a strong reason to consider selling now.

One other important thing to remember is houses are bought and sold every day of the year. Good agents want to help you buy and sell in all seasons. This is a great time to sell and a great time to buy. Give me a call and I'd love to talk about it.

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