Buying and selling a home in Phoenix Arizona
The housing market today is on fire. With interest rates low and people looking to move out of their apartments, it could be the best time to put your house up for sale. If you are selling a home in Phoenix or buying a home in Phoenix, there are many factors that you should consider.
While right now is one of the best time’s to both buy and sell a house, the competition can be fierce and this may delay you on your search for a new home. When interest rates are as low as they are today, this creates an enormous amount of people looking to buy a home. Interest rates allow homebuyers to get approved for more money because they will have more money each month that can be spent on the principal, rather than on interest.
Homebuyers understand this and when interest rates are low, many people use this opportunity to look for their dream home. Sellers can get more money for your home because people will get preapproved for more. With an overwhelming amount of people looking for buying a home in Phoenix, homebuyers should expect to pay about asking price or more. While you may need to pay more, the interest rates are low so it is still an ideal time to buy.
If you have been checking the real estate market, you may already know that now is one of the best times for selling a home in Phoenix. There are too many people who want to buy homes and this helps you get the highest price for your home. When there is high demand and low inventory you can sell for higher.
While now is a great time to sell, it can leave you in a bind if you do not have another home to move into. With a low inventory it can cause some problems. For sellers who are looking to buy a new home, they may not be able to find one with a low inventory. They are forced to compete with new homeowners as well as those simply looking to upgrade or downsize.
If you have a rental property or another place to move, there may not be a better time to sell your house. Since buying a home is difficult right now, you may only want to sell your home if you gave somewhere to move to that is a guarantee. You will be able to sell your home for a large profit and be able to put the profits in the bank or put it towards fixing up another property.
If you have somewhere that you can move into right now, there is no better time to put your home on the market. You can list your home a little above market value and just see what happens or you can play the field a little and list a little lower with the hopes of getting multiple offers. Either way may benefit you and help you sell your home for more. Call me anytime and when you call Angelo you get Angelo