The Three Reasons Why Now Is The Right Time For A Move!

For the last three years we have experienced a dreadful real estate market. The national economy has made everyone afraid to spend money or make changes in their housing status, but I am optimistic this will be a turn around year.

If you have thought about downsizing, buying an investment property for retirement, moving up in value, or moving to a lower maintenance home, there are three reasons this may be the best year ever to make a move.

The first reason is the direction of mortgage interest rates. After seeing rates hit record lows in November of about 4% on a 30 year loan, the interest rates have risen about 1% in the last two months according to TAR Digest . I am afraid that with the emergence of inflation rates will continue to rise, but current rates are still fabulous. A 2% increase in a $200,000 30 year note is a monthly payment increase of $258.00. Think monthly payment not pricing.

The second reason for making a move now is better selling conditions for existing homes. So far this year there are signs of improved consumer confidence. According to Credit.com consumers are using their credit cards again, and in my own business I see a definite increase in calls and real estate activity. Foreclosures and short sales are in decline in all but the lower price ranges in Sumner County according to Realtytrac.com. My greatest problem in sales during the past two years has been competition from foreclosures and short sales. This should be a better year for selling resale homes.

The third reason to move now is that there is a great selection of homes at excellent prices. There have been far fewer new homes built in the last three years. As homes sell and are not replaced we should see declining inventories and increasing prices. Now is a great time to find good selections before inventories decrease and prices significantly increase.

So if you need to sell or just desire to make a move, please give me a call. Let me analyze your home value, home marketability, and availability of homes in the price range in which you are interested. It is time for action to take advantage of excellent interest rates, improved selling market, and a large inventory of homes with excellent values.