Rising Interest Rates Mean Now Is the Time to List for Spring Home Sales
If you want to sell your house this year, then now is the time to list. Chris Lee, past President of Tuscaloosa County MLS and past President of the Tuscaloosa Board of Realtors, says that the expected rise in interest rates will make the spring sales season more active than usual.
The Federal Reserve kept the interest rates low since the 2008 crash. But with the strengthening economy, rates rose slightly in December. Recent comments from the Federal Reserve chair have indicated that more are to be expected in 2017.
“People who are thinking about a new home are going to be ready to move quickly because they want to lock in at a lower interest rate. Sellers that are prepared for this market by having their homes ready for quick sale may be able to negotiate better pricing.”
Right now is the time to get your house on the market…
• Spring is coming which is the strongest
sales market of the year
• Interest rates are good and are going up
• Housing market is trending strong
If you wait to get in position after the market movements occur, you may miss the best opportunity.
Lee says, “Staging, home repair, cleaning out, yard spruce up – all of these things help position your home for the best price and quick sale, but they don’t happen overnight. Finding the right subcontractors and getting in their work flow can take time. So if you want to be ready to sell this spring, now is the time to meet with an agent who can assist you with your listing.”
Ms. Watkins graduated from Mountain Brook High School and lives in Birmingham with her two boys, Jack, and Charlie. She has bachelor's degrees in psychology and creative writing from Emory University, and an MBA and master's in health administration from Georgia State University.
Hanson spent 10 years working in the healthcare industry in Atlanta before moving back to Birmingham several years ago to work for her father, Jim Watkins.
She credits her father, who has owned several businesses over the years, for giving her the entrepreneurial spirit. Her brother, Josh Watkins, is a Birmingham lawyer who helped start the Birmingham Angel Network, a venture capital organization.