As a realtor with an insider view of what’s going on in the Montgomery County and surrounding areas’ real estate market, I have something to share with you: Homes are moving fast!
It’s an exciting time to be in real estate, but I’ve been noticing that there are still those waiting on the sidelines, wondering if it’s real or if they should hold out and wait for a better time to sell.
If you are one of these people, I have to tell you that, despite the overall economic slowdown due to the pandemic, it’s true!
Here are 3 reasons why Right Now is the best time to sell your home:
- There is an abundance of buyers competing to take advantage of historically low-interest rates. According to Freddie Mac, the average 30-year mortgage rate is at an all-time low, averaging at 3.0%, and it’s continuing to decline! That’s one big reason to sell sooner rather than later — when mortgage rates go back up, it’ll be harder to sell.
- Inventory is low, and that means your home is in demand. Buyers will have to compete, which is an excellent position to be in as a seller.
- Homes have been selling “as is,” without even being seen. That is a clear indicator of how much demand and urgency there is for homes on the market right now.
With all of this working in your favor, there’s no reason to wait on selling your home. By delaying, you could miss your best opportunity to get top-dollar for your property.
If you’re looking to sell a home in Gaithersburg, I can help. With my 30+ years working in the area, I have a lot of insight to offer and my consultations are entirely free, with no obligations.