1 Reason To Sell Now

Dated: 01/06/2015

Views: 199

by on January 5, 2015 in For Sellers, Move-Up Buyers

#1 Reason to Sell Now | Keeping Current Matters

If you are one of the many homeowners out there who are debating putting their home on the market in 2015, don’t miss out on the opportunity that currently exists. There will be significantly less competition in the winter months than in the spring.

According to the National Housing Survey released by Fannie Mae, 45% of homeowners “say mortgage rates will go up in the next 12 months.”

What Does This Mean?

Homeowners are unaware that interest rates are projected to go up by all four major reporting institutions – This is big news for move-up buyers reflecting the overall amount of housing inventory that will be on the market.

If existing homeowners believe that mortgage interest rates are not going to increase, then they won’t be inclined to make a move by putting their home up for sale, meaning less competition for sellers who list now.

Don’t Wait!

The study also revealed that:

“Those who say it is a good time to buy a house rose to 68%” & “the share of respondents who think it would be difficult to get a home mortgage today decreased by 3 percentage points.”

As Doug Duncan, senior vice president and chief economist at Fannie Mae explains:

“We expect consumer attitudes toward housing to improve as the pickup in the overall economy lifts employment and income prospects.“

Bottom Line

There are buyers out there who are ready to make a move. If your goal this year is to move up to your dream home, what are you waiting for?


Call US Today to help sell your home for top dollar!  

Blog author image

Josh Burgess

Josh is a proud graduate of the University of Oregon where he earned his BS degree. Upon graduation he followed his entrepreneur spirit and opened his first business. Josh started Burgess Services, wh....

Want to Advertise on this Site?

Latest Blog Posts

Portland Real Estate Market 2019

So how is the real estate market as of late...the numbers tell you things have cooled a bit.  Will we see an uptick with the freshly lowered interest rates.  Only time will tell. ;

Read More

How About A Little PDX Brain Candy

1. After getting lost in Indiana and making a 2,800 mile trip, Bobbie the Wonder Dog found his way back to his owner in Oregon in a true “Homeward Bound” story. He’s now buried at the Oregon

Read More

Closing Should Not Be Surprising

There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we realtors have

Read More

We Get It No One Likes Interest Rates

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison

Read More