As with any momentous decision, settling on when to sell your Lafayette house can take time—and even then, acting on the decision can be slowed by extraneous factors. Who doesn’t have local obligations to deal with friends and neighbors who’ll need to be reassured that your relationship isn’t going to be severed? Acting on a decision to sell your house can seem to be the real estate equivalent of moving an ocean liner with a single tugboat: very slow going.
Even so, there are reasons why you might want to move the process along more quickly than momentum would dictate. Recently some of those reasons were laid out in Realtor, the official magazine of the National Association of Realtors®. It’s considered an indispensable resource for us in the residential real estate profession; its research has long proved to be highly reliable.
Although the nominal subject matter was “Why Buyers May Lose If They Don’t Act Now,” the findings were even more relevant for Lafayette homeowners who’ve decided to sell. The central causative factor was projected interest rate hikes. Surveys indicated the result would be a gradual impetus forcing home buyers to settle for smaller, less expensive homes. On point was one mortgage broker, who put it simply. “Every time the interest rates go up,” he said, “you eliminate a group of people who can no longer afford to buy a house.”
For future sellers, the message is clear. If you know that will you be selling your Lafayette house but suspect that the pool of eligible buyers could be slowly self-eliminating, that’s a pretty good reason to decide to act sooner rather than later. Add in the general finding that across the U.S., the heaviest selling months are May through August (they account for 40% of the year’s average volume), and the reasons you’d want to list soon are persuasive.
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.