Should You Buy A Home In A Sellers Market

Dated: 07/04/2018

Views: 255


Should You Buy a Home In a Sellers Market?

Should You Buy a Home In a Sellers’ Market?

Even in a so-called sellers market, it can still be a good time to purchase a home. Here’s why.

Are You a Renter?

If you’re currently a renter, you’ll likely face an increase in rent at the end of your lease — especially in a tighter market in a robust economy. With interest rates still relatively low, it’s possible to finance a home with a monthly mortgage payment lower than your rent payment. On top of that, you’ll be building equity in your home and utilizing the significant tax advantages to owning over renting. Learn some important facts about mortgage pre-approval here.

Are You a Homeowner?

If you currently own your home, but wish to upgrade, a sellers market may also work in your favor. If your current home is in a desirable location and meets the size and price requirements for the majority of today’s buyers, you could walk away with a substantial down payment on your next home. That favorable scenario will keep your new mortgage payment under control and help build your future equity. Get a free home valuation by clicking here.

Be patient. In a sellers market, homes sell quickly and you may miss out on a few opportunities before finding a home you want at the right price — and having your offer accepted.

As always, do your homework. Speak to several lenders and seek out properties in areas that are likely to appreciate in value.


Thank you for reading my blog posts.  If you have any real estate questions, please email me: [email protected]

Terrence Grogan: Broker / REALTOR, eXp Realty  Cell: 330-998-1582   Office: 704-606-1067

Looking to find your next home? Click here to access the MLS

Blog author image

Terrence Grogan

In today’s real estate market, there is simply no substitute for a good REALTOR®. Whether you’re aiming to buy or sell properties, a REALTOR® can spell the difference between a smooth transactio....

Latest Blog Posts

Inside A 1 Billion Real Estate Company Operating Entirely In VR

Inside a $1 Billion Real Estate Company Operating Entirely in VRBy Aaron Frank -Jul 08, 201820,3332.4KBorn during the aftermath of the financial meltdown a decade ago, a publicly-traded

Read More

Top Quality Photos And Virtual Tours Are Key In Todays Market

Top-Quality Photos and Virtual Tours Are Key in Today’s MarketMore than 80 percent of home shoppers start their searches online, so it makes sense that the first impression of your listing be

Read More

Inside A 1 Billion Dollar Real Estate Company Operating Entirely In VR

Experts Inside a $1 Billion Real Estate Company Operating Entirely in VR By Aaron Frank  -Jul 08, 2018 11,1292.1KBorn during the aftermath of the financial

Read More

Should You Buy A Home In A Sellers Market

Should You Buy a Home In a Sellers Market?Even in a so-called sellers market, it can still be a good time to purchase a home. Here’s why.Are You a Renter?If you’re currently a renter, you’ll

Read More