Do you think it’s a good time to sell?
Is Now a Good Time to Sell?
More and more, many Americans are answering yes to that question. In fact, sixty two percent of Americans think just that. However, twenty six percent of Americans think it isn’t a good time to sell. Let me think for a moment. Sixty two and twenty six? My antiquated math tells me that equals 88. (If I asked my granddaughter that question, the common core method she is forced to use in school would take her at least 5 minutes to calculate the answer. I showed her one time a list of 7 numbers each with between five and seven digits. I asked her how long it would take to add those numbers using common core methods. She said at least an hour. I had her add them using the way I taught her, which is how I was taught. She did it in under one minute. But I digress.) Continuing – 100 percent minus 88% means that 12% of Americans have no idea of whether or not now is a good time to sell their home. And that alone is a sorry state of affairs.
Rising Home Prices
Back on subject. Home prices have risen almost seven percent over the past year. And almost 79% of home owners who have a mortgage have at least 2-% equity in their home. Also, many are of the opinion that they can use that equity to purchase a home that fits their current needs better. However, the rising prices have many worried that they may not be able to afford payments on a new home.
Do the Research
You’ll need to do some research In order to make the determination of what you should do. We can help you with that research. How? We can give you an idea of what your present home will sell for, and how much you’ll walk away with if you sell. In addition, we’ll work with you to decide how much you’ll need to spend on a new home that will fit your needs. If you’d like to get started on that, just give us a call.
Would you like to search the homes for sale in other Monmouth County towns?
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