Is your Kuna house selling response good now? All the signs seem to say yes and most immovable gurus agree. Conditions are favorable for selling Kuna house right now but by next year all that could easily change. The fact that “homebuyers are less likely to face affordability problems and there will be a better balance between supply and demand for housing than in previous years,” according to one analyst, is a few of the most relevant factors that may now be the time to sell. But there’s more to it, a lot more. So let’s look at more of the reasons why a house in Kuna is now a perfect time to sell.
1. Interest Rates Still Low
A prime reason to sell a house in Kuna is the fact that mortgage interest rates are still small and are expected to stay that way throughout this year. For on – the-fence buyers it is an incentive to go ahead and decide to buy.
Consider that in December 2019, the Federal Reserve left interest rates unchanged. And noted its intention to maintain the rates throughout 2020 good news indeed for buyers and sellers alike. “On January 2 the average interest rate for a 30-year fixed-rate mortgage was 3.72 percent,” and “this year’s mortgage rates will settle at $3.8, which is still low enough to allow investors to join.”
The upshot is that when interest rates are low people can still afford to buy homes. And those who lagged ahead may go ahead and buy now.
2. New Buyers Entering Market
New buyers continue to enter the market on a related note, and in part for the reason just stated above. In Kuna, a lot of buyers typically indicate a good time to sell a house.
Such statistics about the new buyers suggest a key element in growth will be targeted marketing. Now may be a great time to sell a Kuna house, but a good real estate agent should still be used to help you market effectively.
3. Inventory Still Low
While the situation isn’t as bad as it wasn’t that long ago, there are still not enough homes to go around. And when home inventory is low so demand high, it’s a perfect recipe for a bidding war, which is the ideal seller scenario. Low stock typically means a few cash buyers on the prowl, too.
While inventory is growing, “there is still a shortage of houses for sale (less than a 6-month supply than in a more normal market), and homes are going under contract quickly.” Currently, according to a National Association of Realtors report, “new homes remain on the market for an average of 27 days.” That’s not very long at all and very good news for buyers.
Nonetheless, bear in mind that this low inventory condition is expected to improve late in the year. And of course this means that now is the time to sell.
4. Economy Healthy and People Working
Therefore, selling a house in Kuna is now a great time, because the economy is pretty healthy. Unemployment rates are close to record low, and incomes are growing. People are working and have to spend more money, some of which are to be spent on buying a house. Add to that strong consumer trust and see why the time to sell is now.
5. 2021 Not Predictable
Contrary to what many economists and financial gurus want you to believe, they do not necessarily have a crystal ball. No-one can predict exactly what the future holds. Real estate market conditions are favorable for sellers right now, but that could change soon–all the more reason why selling your Kuna house now is a great time.
Yet 2021 does not look as rosy as this year and we should maybe heed the warnings. A study by the National Association of Business Economics found “None of the 53 skilled forecasters surveyed predict a recession in 2020 for December 2019, while GDP growth is expected to slow. On the other hand, 2021 is another story: respondents estimate a 66% chance of a mid-2021 recession.”
Such analysts may be incorrect, and the economy will continue to chug along. But then again, they may be correct and you may have skipped your best opportunity to sell your house if you wait until next year. Should sit, then? With these reasons why selling a house in Kuna is a great time now, there’s really no good reason to delay.