The market is hot, hot, hot! With interest rates starting to climb, the market has turned into a feeding frenzy, and home sales are skyrocketing in prices. In such a high demand, seller's market, homes are selling for record breaking prices, which means more money in your pocket. If you have been considering selling your home, doing so in today's market will bring you a larger sales price. Don't wait for the market to shift when interest rates begin to start going up again even more later this year. The National Association of Realtors has gathered data to predict another year of strong sales throughout the United States. And with such a large group of buyers hunting for homes during the summer months, you have a great potential to sell your home quickly, and move on to bigger and better things sooner.
This is also a great buying opportunity if you are wanting to transition into a new home. Low interest rates equate to more savings. You could potentially end up getting a bigger home for the same monthly payment cost when you buy your next property.
If you have not already spoken with an agent, get in touch with one to get a complimentary CMA. See if the numbers work out for you and/or your family, and if moving is something you want to do. Whether you are re-sizing, or moving to a different state, your agent can get the numbers in order to make sure it's in your best interest to transition in today's market. Don't wait and lose tens of thousands of dollars in your sale price!
About the Author: Kim Soper is a lifelong Lexington KY resident and Co-Founder of Better Homes and Gardens Real Estate Cypress. She has over 18 years experience selling real estate all over Lexington KY and the Central KY areas. Kim is the manager/Realtor of ExploreLexingtonKY.com - Home to Your Best Source for Lexington KY Real Estate!