In 2015, we as Realtors believe that this will be a good year to sell your home. We believe this because of a combination of factors including:
Selling Your Loudoun Home: Interest Rates
This year, interest rates are expected to rise on mortgages as the Federal Reserve takes steps to keep the economy from overheating. Since Loudoun County has some neighborhoods with more expensive homes than others in the DC area, we know that with the rate increase, homes will cost more, and so buyers are going to be more inclined to move this year.
Selling Your Loudoun Home: Low Inventory
Last year, a common measure of available homes for sale, or inventory was hovering in the 2-4 month range, which is less than a “healthy balanced market” of 6 months, which will cause prices to rise. In the case of townhomes and condominiums, the inventory number is so low, it has become a seller’s market!
Selling Your Loudoun Home: Elections in 2016
With the 2016 elections on the horizon, we expect a slight slowdown in that year as buyers wait to see what happens, and traditionally the year prior to an election one is a busy one for realtors. We have every reason to believe that 2015 will be no different than other pre-election years.
Thus far, we have seen a lot more movement in the market than we have in previous years, and it is for that reason that we are suggesting that sellers seriously consider putting their house on the market for sale this year.
Selling Your Loudoun Home: A Plan
1. Watch This Video
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Selling Your Loudoun Home: Check Out the Competition
2. Look at What’s For Sale In Your Area
Selling Your Loudoun Home: Contact Us
3. Contact Us for a NO OBLIGATION, FREE Home Evaluation