Southport Oak Island Realty Group, Inc

Southport Real Estate Opportunities You Take Advantage of Right Now

North Carolina Real Estate Oak Island Southport

Like everything else, the pandemic impacted the housing market unexpectedly. Increased demand has created a unique real estate opportunity. New buyers are entering the market, and existing homeowners debate whether they should take advantage of unprecedentedly high sale prices. As demand has gone up and prices have followed this trend, you may be left wondering if you should sell your home.

Interesting Developments

As demand for homes and selling prices increase, interest rates have dropped to historical lows. A good interest rate can save thousands of dollars over the course of a mortgage and drastically impact your overall budget and financial standing. Locking in a low rate on a new property may be plenty of reason to sell your home and start over with a new mortgage loan.

Interest rates are expected to climb but should still stay relatively low compared to pre-pandemic rates. Although nothing is certain, so you may want to secure a low interest rate now before things change.

Seller’s Market

In areas with very high demand, selling your home can prove to be a wise move financially. North Carolina is a hot housing market right now, so selling your home in NC can be very profitable. Lots of buyers are competing for limited houses, and bidding wars are known to break out. When buyers drive up prices, sellers can benefit.

The opportunity to sell your home may be too good of an opportunity to pass up. Request a free valuation to learn the actual value of your property. Your home may be worth more than you think, and understanding the current value will allow you to make an informed decision.

Live Your Life

People typically move in response to changes in their lives, like their family outgrew their current home; or they took a job in a new area. These are very valid reasons to sell your home, and there will always be people who fall into these categories. The rise in work from home culture has added a new type of homebuyer to the market.

The ability to work from home means employees can work from anywhere. Without a job tying some buyers to a specific city, the urge to move back home or take an extended adventure are possible. Selling your home in NC can enable you to do what makes sense for your life while also allowing buyers an opportunity to own a piece of the Tar Heel State.

Find Your Dream Home

If you sell your home, you’ll need a new place to live. Selling your home for top dollar now means you can reinvest any profit into a new home. Even if you still carry a mortgage, selling your home for more money now may offset whatever dent you would put into your mortgage over the next few years. Request a free valuation to find out what your home is worth. Knowing the value may help put your dream home within reach.

Take Advantage of the Opportunity

Selling your home can be scary because it is a significant endeavor. You have a lot of fond memories of times spent in your home, and you likely also have a lot of your finances tied up with your home. Moving on can be intimidating, but it can also be a unique opportunity. Taking advantage of historically low interest rates and a seller’s market, along with drastic changes to how people live and work, can make this the right time to sell. Reach out to request a free valuation of your home so you can find out what you stand to gain by selling your home.

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Jon Langley

Jon Langley

Hi! Nice to 'meet' you and thanks for visiting our Southport and Oak Island Real Estate Blog! My name is Jon Langley, and I'm a REALTOR® in Brunswick County, NC. I work alongside some of the best Realtors in the Southport & Oak Island area. I'd love to learn more about you if you'd like to connect with me on Facebook and Instagram or connect with our team at Southport Oak Island Realty Group. Looking forward to connecting!

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