It’s a Seller’s Market Now!

Sellers Take Heed! It’s a Buyer’s Market is over for now! It’s a Seller’s Market Now!

Are you thinking of selling your home? Are you one of those still waiting for the market to rebound? Have you heard the news that homes are selling once again in Bellingham and Whatcom County?

This just may be the perfect time to sell your home.

Let’s look at some facts. Let’s start withe the idea you paid $250,00 at the peak of the market and now your home is worth $200k in today’s market. Let’s say you wait 2 more years and the market appreciates  let’s say 3-4% per year. In two years then your house will be worth ~$215k. Maybe worth waiting?

Let’s look at another set of facts. Mortgage rates hit another record low this week and are about 3.4%. That means a buyer who can afford $1,200 per month can afford your house.

 

 

 

 

 

 

 

 

Now let’s say mortgage rates move back to say 6% considered a good rate just a few years ago .

Now what can that same buyer afford?

 

 

 

 

 

 

 

 

 

Still thinking waiting is the right thing to do? How many fewer buyers will there be for your home  when your it is now worth $215k, but the buyers can only afford $150k?

If you think this may be a good time to sell give me a call let’s talk.

f you have any questions or want to see any  Bellingham Homes  feel free to email me at or give me a call at 360-739-6981

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