Top 5 Reasons Why it is Still a Great Time to Buy and/or Sell a House
The birds are chirping, and the air is warming up. Are you ready to get moving? Listing season is upon us. After a year of staying ‘safer at home’, maybe it’s time to consider your next move. Whether you are looking to buy and/or sell, now is the time and here is why.
Home Prices are on the Rise
It’s no secret that it’s still a seller’s market, chances are you have some serious equity in your home. Do you know what your home is worth? How do you compare? Given the current real estate market, sellers who have maintained their homes can expect to earn top dollar for their home.
If you are looking to buy, you should act now before the prices creep up again. Philadelphia is on the rise, get on the ship before it sails away. Start your search today and start looking for homes for sale in Old City, 19106.
Mortgage Rates are still low
Taking out a mortgage is less stressful when the rates are down. Not only does this allow buyers to get more square footage for their money, it also means more buyers will be entering the market. This will only further increase buyer demand. With rates like these it’s a great time to consider making the move and purchasing a new home.
Strong Buyer Demand
Houses are in demand. Both Rittenhouse and Old City are highly desired neighborhoods in the city of brotherly love. There are so many people searching for their dream home especially after this past year. The stay-at-home order just might have been that push you needed to begin your search. Maybe you need some more space or maybe you are ready to downsize. You are not alone, take advantage of the strong buyer demand and list today.
Buyer Needs have Changed
2020 forced many of us to enter the virtual world. Whether it was online classes or learning to work remote, our world as we knew it, changed. Because of this, buyer demands have also changed as the need for workspace has grown. Many are looking for a home office or at least a space they can convert into one.
Low Home inventory
Before COVID-19 hit, home inventory was already down. Since then, it has continued on the downward trend as many potential sellers hit the pause button on listing their home. While this may present some issues for buyers, low inventory levels are great for sellers, as it usually means anything in good condition that enters the market be under contract fast.
There aren’t a ton of houses on market right now especially in popular neighborhoods, don’t` wait –if you are looking or listing in 19103 or even 19106. Reach out to Kim Cassidy team for the right real estate agent in Rittenhouse and/or Old City. List and sell or get matched with your dream home.
Is walking distance your thing? Experience the fun of city living, and enjoy all Philadelphia has to offer. Reach out to the Kim Cassidy Team and find out what homes are available to own in Rittenhouse and/or old City. Contact her at 215-620-6934 or info@kimcassidyteam.com and get more information today on starting a new life from the Kim Cassidy Team’s real estate agents in center city Philadelphia.