Right Now Is A Great Time To Buy Or Sell

Dated: 11/02/2013

Views: 576

The problem most people face when they are planning to move is knowing whether or not right now is a good time to buy or sell. Well it appears we are currently in a market where both buyers and sellers have a lot going for them. Property values in most areas have risen to the same level they were at about half way through 2004. This means that if you bought any time before 2005 or after 2008 you probably have a good amount of equity built up in your property.

If you sell your house that means you normally have to get a new one... right? If you plan on purchasing again the market today is much better than a year ago or even 6 months ago. Interest rates are at 5 month lows with the 30yr rate being just above 4% and the 15yr at 3.25%. Inventory has jumped significantly and the amount of homes being purchased with cash has dropped. What does this mean? Well most of the large investment groups have slowed down or stopped buying in the Phoenix area. This allows normal people to have more choices and be competitive when they submit their offers.
What this all boils down to is there are more choices and opportunities for buyers and sellers. Who knows what the future may hold but right now is a great time to take action whether you're looking to buy or sell.
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Aaron Carlson

As a Realtor I am so blessed to be doing what I love. I will treat your home search as though it were my own and work tirelessly to see that you have access to the newest and best properties available....

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