This country has just come through the worse economic recession since the great depression. Many aspects of the economy were affected. But none like real estate. However, the economy has made a major positive comeback and the real estate market has followed. Luxury homeowners looking to sell their property are now in a position to receive the type of value for their home that puts them in the surplus and not losing money on their investments. If an owner of a luxury home desires to sell their property, there are 3 reasons why they should move to sell now!
Reason #1: America is a Safe Bet
With all of the negative talk between political parties about the state of our economy, America’s real estate market is viewed right now as the safest bet in the world. There is great turmoil and uncertainty happening in Europe right now, and has been for quite some time. Investors are not comfortable with the state of European countries economic statuses and plans to move forward. These investors are seeking places to invest financially and believe it or not, the American real estate market is at the top of that list of investments. This is a perfect time for luxury home owners to cash in on investors foreign and domestic and benefit from their desire to put their money in a place where they feel most comfortable.
Reason #2: Different Strokes for Different Folks
Banks are finally getting to the point where they are beginning to lend money to the everyday citizen. However, many citizens are still struggling to find mortgage companies willing to give them a loan in order to purchase their residential property. This is not the case of high end investors. Odds are that when a major investor seeks to purchase a luxury home, he/she will more than likely put down more than the recommended 20% the average home buyer is asked to put down. High end investors are able to put down far more of a percentage than the average buyer therefore ensuring they will be given loans quicker than average income families. This will increase the amount of potential buyers for the luxury property. And the more interested buyers, the better opportunity for the seller to receive the exact price they want.
Reason #3: Low Mortgage Rates
In order to get the American real estate market functioning again, mortgage rates were set at a low number that made buying a home very enticing. Luxury home owners looking to sell property should take full advantage of the multitudes looking to purchase property while the rates are still low. As mentioned in reason #2, the more individuals interested in a home, the more likely it will sell for the desired price of the owner.
The market is turning more and more into a sellers’ market for luxury home owners. This is a time that many should take advantage to receive good value for their property.
The Sell Value of Your Home
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