According to Zillow.com, mid-March to mid-April is the best time to sell your house. A recent article in CNN Money listed top reasons why you should stop THINKING about selling your house and just DO it. These are:
- Nationwide the inventory of homes for sale is small. This means it’s a seller’s market. There’s a better chance of selling your home quicker with little competition. Simple economics tell us that when there is a low supply, prices tend to rise.
- Mortgage interest rates are currently low. You never know when they’ll rise so you may want to take advantage of the low rates now, provided you qualify.
- Rental costs have risen 15% over the past 5 years across the country. Depending on your market, it may be a lot cheaper to buy.
Source: Why Homeowners Need To Get Moving, http://www.RealtorMag.realtor.org (March 26, 2015) and 4 Reasons to Sell Your Home Now, CNNMoney, (March 25, 2015).
Eileen P. Saunders, Realtor
Tommy Morgan, Inc., Realtors
2092 Old Taylor Rd., Suite 101
Oxford, MS 38655