Why This Is the Best Time in Years To Sell a House
While now may not seem like an obvious time to try to sell your home and buy one of the new homes in Woodbury MN, it’s actually one of the best times to do so. Industry experts have been keeping an eye on the situation and the news is good for sellers. If you’ve been questioning whether or not to put your home on the market and purchase a brand new Key Land home that provides comfort, style and convenience, now may be the perfect time to act!
One of the big reasons that now is a great time to sell your home is the overall shortage of homes compared to the number of buyers. Demand is high, and available home numbers are low. This means you’re more likely to sell your home faster, and probably at a better price. Home prices have increased, even during the second quarter, with homes coming in around 5% higher than the previous year.
The supply of homes was already low last year and now with fewer people putting their home on the market, the demand far exceeds the supply. Part of this is because people are living in their homes for longer, averaging around 13 years in a home. With quality-built new homes like those from Key Land Homes, you understand why people are happy to stay in their homes for so long.
Of course, this year has shown people what they really need in a home, and the flexibility that comes with a new home makes it easier to meet those needs. If one or more members of a family are working from home and/or doing homeschooling, it’s important to have a home that meets those needs without causing interruptions to how your home regularly runs. If you’re having to take over the dining table or part of the kitchen island to work from home, you’re likely having to move stuff regularly and also dealing with noise and distractions. People are looking for homes that have more space or at least rooms that offer more flexibility and privacy. You’ll find that in many of the Key Land Homes floor plans, such as the ones that include finished or semi-finished lower levels that can easily be turned into multiple home offices or a great home school area if needed. Of course, it’s also an excellent area just for relaxing or turning into a home gym. No matter your needs, you’ll find a home plan that fits them.
Finally, one of the big reasons why now is such an excellent time to put your home on the market, and buy one of the new homes in Woodbury MN, is the incredibly low mortgage rate buyers can get. As of early July, Freddie Mac was reporting average interest rates at a new record low of 3.07% for a 30-year fixed-rate mortgage. Anyone interested in buying a home should want to take advantage of these low rates. With the chance of selling your home for an increased profit, along with being able to afford more home — or spending less long term on a home — now is one of the best times ever to put your home on the market and buy a brand new home.
