Tuesday, January 24, 2017

Right Now is the Time to Sell Your Home

If you've been sitting on the fence about selling your home, it might just be time to hop off. Real estate experts are saying 2017 is poised to be the year of the home seller.

Although mortgage rates have been ticking up since mid-October to slightly over 4%, the rates for a 30-year fixed mortgage-the most popular home loan-are still hovering near 30-year lows.

What does that have to do with home sellers? Well, potential buyers who are armed with that knowledge might hustle to close on a home before a rate hike.

Thanks to rising prices, many homeowners whose property was underwater can now sell without suffering a big loss. If you sell your home today, you mostly likely will buy another.


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