If you are one of the many homeowners trying to decide if you are going to put your home on the market in 2015, don’t miss out on the current opportunity. There is significantly less competition in the winter vs. the spring.
According to the National Housing Survey released by Fannie Mae, 45% of homeowners say “mortgage rates will go up in the next 12 months.”
What Does This Mean to You?
Homeowners are unaware of the fact that that interest rates are projected to go up by all four major reporting institutions – This is huge news for buyers that are looking to move-up reflecting the amount of homes that will be on the market.
If current homeowners think that interest rates are not going to increase, then they won’t be inclined to make a move and put their home up for sale, which means less competition for sellers who list now.
Don’t Wait!
The study for the same article also shows that the people thinking now is a good time to buy rose to 68 percent and those who think it would be difficult to get a mortgage now decreased by 3 percent.
As Doug Duncan, senior vice president and chief economist at Fannie Mae explains:
“We expect consumer attitudes toward housing to improve as the pickup in the overall economy lifts employment and income prospects.“
Bottom Line
There are currently buyers out there that are ready to make a move. If you have a goal to move up this year to your dream home, what are you waiting for?
Debbie Woolard Group
(757) 288-0194
www.DebbieWoolard.com
Excellent Service – Excellent Results
Buyers Agent/Sellers Agent
Our focus is helping people find and exchange dream homes. We are seeking buyers and sellers that desire concierge level service including great communication, extraordinary representation and a continuing relationship for years to come.
You and your referrals will be provided with a great team of professionals to help with each step of the process. We are committed and passionate about negotiating the best possible terms and serving our clients at the highest level. Our goal is to create memorable real estate experiences where our clients become raving fans.
Realtors with the Debbie Woolard Group service Virginia Beach, Chesapeake, Norfolk, Suffolk, Hampton, Newport News & Portsmouth with specialist in seller representation, buyer representation, military relocation, first time home buyers, short sales and real estate investment.