If you have been thinking of listing your Incline Village, NV real estate in 2017, we are here to tell you now is time. Just as we wrote recently about why 2017 is a good time to buy, sellers have even more to gain as real estate experts are dubbing 2017 as the year of the home seller. There are several factors that have caused the industry’s leaders to determine this. Check out the main reasons here!
Mortgage rates are still low which means a lower monthly cost for buyers. However, interest rates are on the rise for a 30 yr fixed loan which means those that are looking to purchase Incline Village, NV real estate have a sense of urgency. After all, even the slightest increase can have an impact on their purchasing power and their monthly housing budget. If you feel like you aren’t ready right this second, rest assured that there is still some time to prep your home for the Incline Village, NV real estate market. While interest rates are on the rise, they aren’t expected to get to the 4.8% range until the end of the year. However, if they get too high, buyers will lose interest and sellers will have to come down in price to bridge the gap.
Inventory is going down. While this is not great for buyers, it is great for sellers. You have less competition which generally means shorter listing period, multiple offers and if your home for sale in Incline Village, NV is priced right-possibly an over asking selling price. This goes back to that whole low supply and high demand equals higher prices. While you should always take the necessary steps to make sure your listing is presentable and shows nicely, there can be less prep work that goes into listing a home for sale in Incline Village, NV in a sellers’ market. Of course, this is determined on a case by case basis but when you have less competition, there is a little less hassle on your end.
Home prices are rising thanks to the high demand and low inventory. As of late Fall 2016, home prices were up 6.8% nationally. This means that you can get more money for your home for sale in Incline Village, NV compared to just two years ago.
Additionally, job markets are strengthening across the nation, wages are increasing and unemployment has decreased. This results in consumer confidence and people feeling ready to make the plunge into homeownership. Of course, if you have been thinking of selling and don’t have another home to move into, you will likely be dealing with low inventory, higher prices and higher interest rates. Due to this, it is more crucial than ever to work with a qualified Incline Village, NV realtor. By doing so, you ensure that the perks you have as a seller don’t work against you as a buyer and you still get to lock in a historically low interest rate before they climb any higher in the next couple of years. For more information on buying or selling an Incline Village, NV home, give us a call. We would love to help you navigate this exciting process!