3 Reasons Why Oxford MI Home Owners Need To Get Moving … This spring would be the perfect time for home owners to get off the fence. After all, many markets are still tilting in the sellers favor. Here’s why:
1) LESS COMPETITION:
A limited number of homes on the market will help sellers nab top dollar, and may even spur bidding wars and multiple offers.
2) MORTGAGE RATE HIKES LOOM:
Mortgage rates are still sitting near historical lows, with the 30-year fixed-rate mortgage hovering under 4 percent. The low rates have helped push more buyers into the marketplace, but they could also be a good thing for sellers who are looking to re-buy.
3) SOARING RENTAL COSTS:
Also spurring more potential home buyers off the sidelines, rising rental costs. Rental prices have increased 15 percent in the past five years.
references: cnn money, realtor magazine
Donald Horne, Team Success Listing
Associate Broker for Coldwell Banker Shooltz Realty
“voted best of the best in 2014”
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