Top reasons to consider selling your home now

Perhaps due to life events you’re juggling the idea of listing your home on the real estate market. Listing your home can feel scary with how quickly the market moves and all the differing options on how to sell your home. 

However, there’s no time like the present and due to the conditions of the real estate market, selling your home can be super profitable. 

The value of your home has increased

Currently, you can sell your home for more money than you most likely spent when it was originally purchased. 

Studies have shown, homes within the U.S. have increased in value every year around 4 percent or more since the early 1990s. 

Interest rates have been overall steady for mortgage loans 

In recent years interest rates have increased and currently stand at about 6 percent which is higher than the 3 percent national average seen a few years ago. 

However, many 30-year mortgage terms in 1990 had an interest rate of about 10 percent, so interest rates have gone down in the last few decades. 

Deciding to sell before these rates increase even more can provide you with a larger pool of homebuyers as mortgage loans are still relatively accessible. 

Make room for your next adventure 

For many, life changes quickly over the years. A home nicely fitting your household may not have enough space 10 years down the road. 

This is why it’s an excellent time to sell your property if your household has grown, to make room for business ventures or to get a fresh start. 

Selling your home is a big step so take time to consider all factors to make sure it’s the right decision for you.