If you’ve been watching the news, you’re probably aware that there are major changes going on in the housing market right now, and we are not immune to those changes here in North Carolina. As interest rates rise, housing affordability has gotten worse. We don’t expect rates to drop anytime soon, and that tells us that home values are likely to drop in the near future.
If you have a house that you’d like to sell, you’re going to get more for that house if you sell it sooner rather than later. If your property needs a lot of repairs, you may be better off selling it “as-is” rather than spending the next few months – and thousands of dollars – just so you can sell the house.
It Depends on Your Situation…
If the home you are selling is your primary residence, you may not want to sell it right now because then you’ll be the one buying another home while the prices and mortgage rates are both high. Many sellers with current interest rates of 4% or less are choosing to stay in place for the foreseeable future.
But if you have an extra property – perhaps an inherited home, a rental property, or a second place you no longer need – now is absolutely the best time to sell before home values drop as expected in 2023.
And if your property needs major updates and/or repairs, that’s another reason to think about selling soon to a fast cash buyer like We Buy Houses Winston-Salem (aka WeBuyHouses.com). Why go through all the hassles and costly delays of remodeling a home just to sell it? We can make a fair cash offer and close in as little as 10 days.
If you’re thinking about selling and not sure if this is the best time, give us a call today (or fill out the form on this page) and we’ll give you an honest assessment of your property and situation. There’s no obligation to getting our cash offer, so there’s no risk to finding out what we can pay for your property.
So, there really is no need to wait – We Buy Houses Winston-Salem is here to help! We look forward to working with you.
