Real Estate
September is a long awaited time for many people. A cut in interest rates has been expected to come this month. Everyone is waiting to see how this may affect the housing market near them.
The first thing you should know is that you should not wait for the perfect housing market to sell your home. When deciding if now is the right time to sell your home, look first at your own needs and desires. The market changes so often and so quickly, the perfect time will never truly happen.
Fed Rates And The Housing Market
While it may not be the only factor, the fed rates are a massive contributor to what the mortgage rates look like. While many predict this will not be the only one we see in the near future, many are excited for what it could mean for the housing market.
Long Term Homeowners
Interest rates shot up high after being abnormally low. Those who purchased their homes during the time of low interest rates may have been feeling stuck recently. Buying a new home at the same price they purchased their current home may sound nice. Or even using their equity to invest in something larger. But a hiked interest rate makes their payments much higher than they are now.
Many people in this situation have been essentially stuck and unable to reenter the real estate market. If interest rates go down, this could open up doors for a whole group of people who are wanting to interact with the market again.
More Buyers In The Market
People with already great rates are not the only people who have been unable to enter the market. Many people have found that the mortgage rates have priced them out of the market. It’s simply made it impossible for them to purchase. Any time that the interest rates go down, homes become attainable to more people. We will likely see an increase in buyers any time that we see the rates drop.
Selling Without Dealing With The Market
The changes in the real estate market can leave many people overwhelmed looking at the cost and timeframe of selling. Cash offers are not dependent on any type of market. They also don’t depend on having the latest and greatest within the home in order to complete the sale. If you are already concerned about the competition when you sell your house during a buyer’s market, cash offers help you avoid a number of things in the home sale process that could benefit your situation.
Appraisals and Inspections
Finding a cash offer means no appraisals or inspections! Not only does this speed up your sale, but it can help you avoid costs while selling. If things are discovered during inspections, you could lose the sale due to contingencies. You could also lose money on the sale or be asked to make renovations in order to complete the sale. This can delay your sale and potentially end it all-together. A cash buyer like Eric with ASDM Homes is willing to forgo those inspections, allowing you to avoid all the potential pitfalls surrounding the inspection process.
Repairs
Even if you know your house needs repairs, cash buyers like Eric with ASDM Homes buy homes that are in need of significant repairs. Repairs will often be mentioned at some point after the inspection, if not by your agent before you list. Repairs can hinder you from getting your house sold in the timeframe that you need.
Time to Close
When working with a cash buyer, you gain the ability of changing the timeline until you are able to sell. If you are in need of closing by a certain date, cash buyers are able to accommodate you, within reason, so you can have a faster transaction. They are able to do this because the selling process is a lot simpler. There are far less hoops that you will need to jump through with them, so you can get to the finish line faster!
What Works For You?
Eric with ASDM Homes offers an easier alternative to selling your house fast in San Joaquin and Stanislaus county. Cash offers can help you sell your house quickly, for a fair price, without the need for repairs, inspections, or having a line of strangers walk through. Selling a house on the market can be a long, costly and difficult process. Selling your house does not have to be.
If a cash offer is what’s right for you, Eric with ASDM Homes is here to help! We can give you a fair cash offer, help with all the legalities, and streamline the process to help get your home sold fast! Contact Eric today to find out what you can get for your home and how quickly you can get that cash in hand!