There’s a very strong and valid argument right now that home buyer sentiment has never been in better shape.
Things were already looking great, with a strong economy and consistently low mortgage rates informing the very positive attitudes of buyers throughout recent months.
And now things have moved into overdrive with recent global events creating more risk aversion, with the knock-on effect of mortgage rates moving even further south to reach all-time lows!
As if that weren’t enough, the half point drop in the Federal Reserve funds rate announced this week might not have the most direct effect on mortgage rates, but it makes other forms of borrowing cheaper and can only contribute to a more sunny outlook for buyers.
Inevitably this incredible set of circumstances has only fired up buyer enthusiasm even more and we are therefore heading into a Spring selling season with so many great reasons for sellers to be very optimistic too.
We always see more buyers and sellers entering the market over the coming weeks, so it makes a lot of sense to list as soon as possible, reducing potentially higher competition levels with other similar properties. Continuing low inventory in the area combined with the high levels of buyer demand also means that multiple offers are more likely.
Why not talk about the best strategy in your individual situation to us here at The Hyland/Schneider Team at 928-445-2100. We look forward to speaking with you.