Will you give your home the attention it deserves?

Many people have been asking me how the market is trending as we enter the fourth quarter towards the end of 2013. As much as I wish I could give one definite answer, there are many factors that determine how the market will play out in your specific situation. Interest rates have been slowly inching upward but historically they are still fantastic as they hover below 5% (buyers were happy to receive a 16-18% rate in years past).

For buyers who are looking for homes priced in the $150,000-250,000 range will see a shortage in available inventory and this is not allowing buyers to find the perfect house. So if you’re thinking about selling, don’t wait until spring to do so! If you need to sell and you’re in that sweet spot, we can sell it.

Buyers who are ready to move up to the $250,000-500,000 range, prices haven’t increased and the market is fairly steady. There are great opportunities to move into your next house. Our luxury market has many houses that are priced to sell and our lenders have informed us that “jumbo” are great and there are many good options available.

As a reminder to sellers, now is a great time to have your home on the market. People tend to pull their homes toward the end of the year because of the approaching holidays, but that does not mean the market stops. If you need to sell and your house is still on the market while everyone is taking theirs off, you will be able to get a great price for your home. Don’t hesitate to contact me with any specific questions by email at info@welcomehomeabq.com or to call/text (887) 933-6881