1. The Process Will Be Quicker
Recently Fannie Mae announced that they anticipate an increase in home sales that will eclipse the 2007’s pace. As the market heats up, banks will be flooded with loan inquiries causing closing-time to lengthen. By selling now the process may be quicker & much simpler that if you wait.
2. There Will Never Be a Better Time to Move Up
If you are moving up to a larger, more expensive home, you might now reconsider. When prices are projected to appreciate by at-least 6% over the next year, according to CoreLogic. If you are upgrading into a higher-priced home, it may wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. Are you willing to take that risk?
In one of Freddie Mac’s latest reports, you may be able to lock-in your 30-year housing expense with an interest rate around 3.46% right now. Interest rates are projected to increase slowly over the next few months. But, even a small increase of the rates will have a huge impact on your housing cost.
3. It’s Time to Move On with Your Life
Look at the reason you decided to sell? Is the money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you’ll know the answers to these questions above. You all have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on to the next chapter of your lives?