Real estate across the country is a hot topic right now. Demand is the highest it has been in years, supply is the lowest it has been in years and prices have continued to go up across the country in most major areas. If you have been thinking about buying or selling Incline Village, NV Real Estate, you may have been wondering what this means for you and whether you should hold off and wait a little longer. As a long time Incline Village, NV Realtor, I can assure you that now is a great time to do BOTH. Interestingly enough, for similar reasons. Check out the facts!
If you are selling Incline Village, NV real estate you may assume that prices will continue to increase and you stand to make more money. While prices are expected to go up, so are mortgage interest rates. Which can change a buyers purchasing power. If a buyer has a strict budget, the littlest increase can impact whether or not they can afford to buy your real estate in Incline Village, NV. Especially if prices continue to increase as suspected. This can result in a slow down in demand, allowing the inventory to catch up and the prices to level out. Not to mention, if you list soon before the winter months, you stand to get more offers and a quicker close.
If you are a buyer wondering if now is a good time to purchase Incline Village, NV real estate, it is. While home prices are known for being priced higher on this side of the lake, there are still affordable options available. With mortgage interest rates increasing along with home prices, you can still lock in a close to historically low rate at a reasonable price.
As an Incline Village, NV realtor that has lived and served this community for a very long time, I must note that it is hard to predict when and how much these forecasted increases will hit, or when inventory will catch up with demand. If time is of the essence and you have to sell or buy real estate in Incline Village, NV soon, please don’t hesitate to give me a call. As a long time Incline Village, NV realtor, I would be happy to help.