For buyers, summertime traditionally means three things for house-hunting: Eager sellers, great weather for browsing and big selection. Now, with interest rates at all-time lows, those big three just got even more enticing.
With school just getting out and the economy about to rev back up, more people are going to be selling homes in a market ripe for ready buyers. Why ripe? Because demand has been sidelined for several months now, which means eager sellers have been waiting for buyers to come knocking. They’re cruising the web and the neighborhoods, looking for deals and taking notes.
And now that mortgages are more affordable than ever, buyers have never had it better. Some people on the fence will dive in, and those who’ve been biding their time with down-payments in hand are ready to pounce.
So, if you’re a buyer, have your list of gotta-haves and should-haves in hand, and be ready for a competitive and exciting buyers’ market very soon. Homes will be hitting the MLS, and it’ll be up to you to jump on homes that look good right away. Enlist an agent that knows the market well and will make those extra calls for showings.
Now is the time to prepare for the rush on homes. It’s coming. Be ready.