The spring market is booming and we have been experiencing a great spring real estate market here in Indianapolis, IN. If you are debating moving up to your dream Indianapolis, IN home, you may not want to delay. Here are four great reasons to consider listing your current home and moving up to your dream home now, instead of waiting.
1. Buyer Demand is High & Inventory is Low
Recent numbers show that buyer demand is at the highest peak experienced in years, and inventory for sale is at a 4.5-month supply, which is still much lower than the 6 months needed for a historically normal market. Listing your Indianapolis, IN home today can greatly increase exposure to buyers who are ready to act.
2. Prices Will Continue to Rise
Home values will continue to appreciate for years. Waiting for your current home’s value to increase before selling could price you out of your new home if you aren’t careful.
3. Mortgage Interest Rates Are Still Near Record Lows
Interest rates have remained below 4% for some time now and are substantially lower than the rate previous generations paid when getting a mortgage. Just this past week 30 year rates have fallen to 3.41.
4. It’s Time to Move On with Your Life
Why do you want to move in the first place? Have you always wanted to live in a certain neighborhood? Would you like to be closer to your family?
If the right thing for you and your family is to move up to the home of your dreams this year, buying sooner rather than later could lead to substantial savings. Selling your Indianapolis, IN home before you buy your dream home can be quite an adventure, you can benefit from the help of a real estate professional. When you are ready, contact an Indianapolis, IN real estate agent.
Rodney & Amanda Heard
Heard Real Estate Team