Some would say the Belligham Real Estate Market is on fire. We’re up 31 sales from last year at this time and 20% in price. Where are we headed next you may ask?
Interest rates are up, so now might be the best time to buy, while they are still under 4%. As rates go up your buying power goes down, so you can afford a less expensive home.
If you want to get your house to sell quickly the best advice is to set the price right from the start. The homes that sell the fastest are the ones that are priced right out of the gate and are in good condition, location helps.
If your looking to buy, have your pre-approval ready before you can make an offer on that home you really want. If your dream home is relatively new to the market be ready to pay full price, maybe even a bit more as the low number of homes for sale, and hungry buyers eager to get a new home is bringing multiple offer situations back to the market.
Let’s talk about where the market is headed. Is it better to rent or own?