Following the worst financial crisis in living memory and housing crash, the housing market is getting back on its feet again.
The confidence in the housing market has risen in recent years as properties are being sold left, right and center across the country. As property market prices continue to grow, buyers are scrambling to invest.
In other words, it’s an excellent time to start thinking of selling your home in Miami. Here are the 4 reasons why you should sell your home now.
1. Historically Low Rates
Hovering around the 4 percent mark, mortgage rates remain at a historical low, even though they are set to bounce in the near future.
Good mortgage rates mean that the housing market is ripe for buyers looking to purchase the property. This makes it a great time to sell.
According to experts, there is no reason to believe that this is going to change significantly in the near future. However, rates are gradually growing. They could even reach 5 percent by the end of 2018.
This means that now is the time to sell your Miami property while the market remains strong and mortgage rates are still low.
2. High Demand, Low Supply
There are a greater number of buyers than there are available properties on the market. This makes the current housing market a seller’s market. This is especially true in popular locations such as Miami.
Furthermore, there are no signs that the shortage of housing is going to change anytime soon.
This means that all the power is held in the hands of property owners looking to sell. With limited choices for buyers, sellers can drive a hard bargain. This means you should be able to secure an all-cash buyer.
However, who knows how long the market is going to stay the way it is if you’re thinking of selling your home in Miami, strike while the iron is hot.
3. Prices Keep Rising
The shortage of affordable homes in the United States means that house prices continue to rise in a squeezed housing market.
Across the country, housing prices continue to rise. Miami is no different. This means you can certainly get a good price for your Miami home.
However, while house prices are rising at 5 percent annually at the moment, there is no certainty that this will continue in the years to come.
So if you’re ready to sell your home in Miami, this is definitely the time to sell to make the biggest profit.
4. Buyers Have Deep Pockets
So far this year, we’ve seen increased levels of consumer confidence, reduced unemployment, and a thriving stock market. Furthermore, the GOP tax legislation that has granted many people lower taxes, means that consumers have more money to spend than before.
This represents great conditions for selling your property in Miami because more homebuyers have deeper pockets.
Thinking of Selling Your Home?
It’s a great time to sell your Miami property. If you live in the Miami, and are thinking of selling your home, we will buy it now.
Our team at Florida Cash Home Buyers specializes in lightning-fast all-cash Florida sales.
Contact us today for a free offer on your home!