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Why Now May Be the Best Time to Sell Your Home

The housing market is in the middle of a major swing that has continued for several years. The price of housing is rapidly changing, and it’S beginning to swing in sellers’ favor. If you have been considering selling your home, then this may be one of the best times to do so. There are many reasons to sell your home now, rather than later. With a depressed economy related to the COVID-19 pandemic and no sign of the economy getting better, now is a great time to put your house on the market, get top dollar, and see who can buy my home in Clarksville, TN.

Related: Reasons to Sell Your House Now

Foreclosures

Foreclosures are no doubt going to increase over the next few months as federal and state protections and moratoriums come to an end. This will lead to a huge influx in the number of foreclosures on the market, making a large inventory available to potential buyers. The main reason why this is the case is because of the current real estate market and the state of the economy in general. For this reason, it’s better to sell now than later when all of the foreclosure listings drag down the average sales price in your area.

Related: The Economic Crisis Doesn’t Care if You Need to Move. We Do.

Low Interest Rates

With the mortgage crisis that has been occurring for the past year or so, there are many reasons to sell your home now. One of the most popular reasons is the low interest rates. With interest rates tumbling all over the country, many have finally bitten the bullet and decided to get out of the housing market. With low interest rates promising low mortgage payments, many are choosing to sell their home now in order to lock in low mortgage payments on their next home. 

In fact, the current economic climate has caused lenders to really tighten up their lending standards, making it harder than ever to get pre-approved. Lenders are no longer willing to take risks with people who are behind on their mortgage payments. In fact, many banks have started to put people on waiting lists in order to get pre-approved. If you want to avoid being put on such a list, you need to get pre-approved as soon as possible for your home loan. If you’re able to get a low interest rate loan now, it might just be time to take it.

If you’re looking for someone who says, “We buy houses fast in Clarksville, TN,” Gateway House Buyers can help. To learn more about our professional home buying services, submit our contact request form today.

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