Considering listing your home, or getting ready to look for a home to buy? This month in real estate, experts are saying that now is the right time to list your home (or buy one)--watch the video! Here are the top five reasons why it’s time to list and buy today.
#1 Reason To Buy Now: Home sale activity is increasing. This January 2012, it’s up an entire 12 percent from last year. Your dream home at the perfect price could be sitting on the market, up for grabs, today. Don’t let it escape you: start looking for your new home to buy today.
#2 Reason to Sell Now: Weather isn’t a factor, so don’t let the snow deter you from selling. If you’re a seller, your prospective buyers will be starting their search online. The vast majority of homebuyers shopping online means you can reach them in any weather condition, anytime.
#3 Reason To Sell Now: Don’t wait until spring. Spring is just around the corner, when traditional home buying starts. It’s when families are settling in for the new school year and when the grass is starting to grow. And since it takes the average home buyer three months to find their home, a house listed today has a much better chance of selling in the spring than if you actually wait until spring. Also, fewer houses are sold in January, meaning that it’s a lot easier for your home to attract a buyer.
#4 Reason To Sell & Buy Now: Take advantage of lowered costs. The trend lately is that interest rates are on the rise and if you’re planning to sell out and buy a new home, you should do both as fast as you can–don’t wait till interest rates go even higher. Rising interest rates can indefinitely hurt the buyer: as they increase, the mortgage amount a typical buyer qualifies for will decrease.
#5 Reason To Sell & Buy Now: You’ll get a tax break. That’s right: if you sell or buy, you can deduct your mortgage interest, real estate taxes or capital gains from your income taxes. The tax breaks you get will be worth more the more you earn, or the bigger your mortgage is. And with tax season right around the corner, there’s never been a better time to buy or sell a home.
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