Should you sell your house if you've been thinking about moving? Allow me to explain why conditions are perfect for you to get a great value for your home right now.
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Is now the right time to sell your house in the northern Virginia market?
Yes, yes, and yes!
The current inventory of homes in our market is down nearly 73%. Out of the 31 houses we've sold this year, 28 sold at or above market value and also received multiple offers.
The main reason inventory is so low is because many people decided to wait until the end of May to sell their house, creating the perfect opportunity for anyone who wants to sell their house in the next 60 days. You'll face almost no competition and there are a ton of buyers looking for homes.
When selling a home, you want inventory and rates to be low, and our market offers both right now.
Why are there so many buyers out there right now? Mortgage interest rates started the year at about 4% but they've gone up to about 4.3%. Buyers see that rates are rising, so they're incentivized to buy a home soon.
Anytime you sell a home, you want the market to have low inventory and low interest rates. The great thing about the market in the next 60 days is that it will offer both those things. If you've thought about selling your house or you're just curious about its value in this hot market, just give us a call or send us an email. We'd love to help you out!
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