The real estate market has been on an upward trend the last few years and 2017 will be no different. The National Association of Realtors (NAR) says home prices are still rising because of increasing buyer demand and a shortage of homes for sale. This is great news if you’re thinking of selling your home. There is an important question you should determine the answer to first: Can you make more on your home than you paid for it? Thanks to Dave Ramsey, there are a few signs you can look for that will give you that answer.
- Businesses are popping up around your neighborhood. You may get annoyed by the constant construction around you, but this is actually a very good thing. This is a sign that your community is experiencing growth. Home values tend to increase when they’re located in areas that are improving.
- Neighborhoods close to you have increased in value. There are countless online websites that will give you a calculation of what your home is worth. If you just look at what homes around you have sold for recently, this is a more accurate indication of the actual market value. Compare the sale price to the price they sold for years ago, and if the homes are worth more now, this is a good indication that yours would be worth more too.
- Your next-door neighbor’s home sold fast. You may be surprised that they only had their home on the market for a week, but this has been a common occurrence over the last few years. New NAR data shows home buyers are outnumbering home sellers. When demand increases, so do prices.
- Your real estate agent says you will make more. Now is the perfect time to give us a call if you’d like to sell your home. We can help you with any questions you may have and make sure the selling process goes smoothly!