The past few years have been up and down in terms of whether or not experts suggest real estate as the best investment and long term investment. However, over the past year the public was polled several times to reveal that not only is faith reinstated in real estate’s return on investment, but it is favored over the stock market, savings accounts, bonds and gold (which held high priority for several years) as the preferred means of long term investing.
What does this mean to you? If you are thinking of selling your home, the time is now. Real estate investments, short or long term, are not just popular right now, but instead the general public is realizing that even over several years, real estate investments usually return to their value if you plan to wait through the normal ups and downs of the market. As of late, rising prices have allowed several homeowners previously underwater to begin to have hope about recouping on their investment. More people are understanding that real estate over time tends to be more reliable if you are willing to commit in the long run. So for sellers who are enjoying higher prices on their property, the positive buyer base is ready and waiting to purchase before prices rise any further.
It would be wise to take note of this especially if you are looking to sell your current home and buy anew. The interest rates are still relatively low, and this will bode well for buyers. Since inventory is low, if your home is well-prepared and priced wisely then you should be able to sell in ample time and not have to bridge two mortgages at once. For more information on these statistics or how to sell your current home, please don’t hesitate to give us a call. For more general home selling tips, please consult our Definitive Guide to Selling Your Home: