If you’re an Orange County homeowner, and you’ve been watching the news for the last year, you know that the Real Estate market is hot right now but the question that you have in the back of your mind is why should I sell my home now if home values will only continue to go up?
Demand Is High For Homes
Orange County Realtors haven’t seen a pace like we’re experiencing now since before the Real Estate market started to decline back in 2006 and in the first few months of 2013 we’ve seen an increase in demand for homes by over 10% compared to the same time last year.
Realtors and homeowners across Orange County know that there are plenty of homebuyers out there who are eager to buy and in many cases they will purchase a home for well over the
homeowners asking price.
Home Inventory Is Very Low
As an Orange County homeowner you have another reason to sell your home now because, home inventory is still historically low and, according to recent data, home inventory is down almost 22% from the last year alone.
More New Homes Are Being Built
If you drive around Orange County it’s not hard to notice that there are new homes being built and many home buyers would prefer to purchase a new home vs. an older home, so it’s better to sell your home now, and get more than your investment back, compared to waiting for six months to one year longer and face the prospect of more new homes on the market.
Interest Rates Will Only Go Up
Last of all, but most important, Orange County Realtors and finance experts agree that mortgage interest rates are likely only going to go up from the historic lows they have been at and this may eventually slow down the wave of homebuyers who have entered the Real Estate market recently.
To learn more about why you should sell your home now or to view the latest Orange County homes for sale, contact Fred Sed & Associates today by calling us at (949) 272-0125.