The effects of the Great Recession have mostly worn off in the nearly 10 years since the worst housing crash in modern history. In the last 5 years or so, home prices have been on a steady rise nation wide. Homes are selling quickly due to the shortage in inventory. One thing is for sure, it’s a great time to be a seller. Today’s buyers are exhausted due to low inventory and fluctuating prices, meaning they are willing to sacrifice certain things to get their foot in the door to home ownership before it is too late. It may sound like a seller’s dream! But your window of opportunity may be rapidly narrowing. Below are 5 things you need to know:
1. Rates are historically low, drawing buyers into the market
2. Inventory remains tight — and demand high
3.Home prices are still increasing
4. People have more money in pocket
5. Millennials are ready to commit
Now may be a great time to sell your home. Talk to a trusted agent today to see how much your home is worth, and get you into the home of your dreams!