The spring market has sprung. Here’s what buyers and sellers alike should know.
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The spring market is usually our most robust time of the year for buying and selling homes. However, this year, it may be even more important than others because the Federal Reserve has indicated that interest rates are going to go up. They’ve already crept up a tiny bit, but this means something for both buyers and sellers.
For buyers, if you wait until the end of the year and interest rates have gone up, say, 1% on a $300,000 loan, that could mean an additional $180 per month on your payment.
The spring market is usually our most robust time of the year.
For sellers, this means that if you put your house on the market now, there could be a larger pool of buyers because there could be more who will qualify for your house.
Either way, if you’re thinking about buying or selling your home, give us a call so that we can talk about your specific situation and set you up for success.
