There are a couple of things that are happening in the market right now that make it an ideal time to sell your house and/or to look for your new home.
#1 is that in the past 12 months (according to Core Logic) houses nationally have appreciated at 7%. That means that if you bought a house one year ago for $100,000, today it would (on average) be worth $107,000.
#2 is that today (December 13th, 2017) the Federal Reserve raised interest rates for the third time this year. They are expected to raise rates 3 times again next year as well. Interest rates are projected to only go up.
What this means to you as a buyer: money to buy houses is projected to only get more expensive. The house you could have afforded yesterday might have just been pushed out of your price range. You can get more money cheaper if you are looking to buy a house than you are projected to at any point in the next year.
What this means to you as a seller: your home is growing in value at ridiculous rates. The normal growth is 3% per year, and we are at more than double that. You have the chance to sell your house at a market high, while still getting historically low interest rates for the houses that you can buy.
If you have been thinking about downsizing, upsizing, or any sizing at all, I would recommend getting me to tell you what your house is worth in this market (for free and with no commitment), and what is available for you. You can reach me at 515.639.0047 or RyanLynch@KW.com.
~Ryan Lynch
