We all know that the best time to purchase a home is when both home prices and interest rates are low. We also know this is a rare occurrence (as low prices usually drive interest rates up and high prices force rates down) but when the stars align and home prices and interest rates are low – it’s prime buying time!
While the recent decline in property value has negatively impacted recent new homeowners, the nearly 30% of homeowners who own their home free and clear, and many others are well positioned to benefit from today’s market dynamics.
Don’t let this opportunity pass you by. Why spend the next 8 years waiting for house prices to return on your home when you could spend those same 8 years watching the equity increase in your more desirable new home.
And people are buying; just take a look at the inventory. There is currently less than a 3 month supply of inventory in the New Hampshire Real Estate market today. According to Northern New England Real Estate Network there are only 2.0 months of inventory in Manchester, 2.7 in Bedford, 2.6 in Londonderry and 2.0 in Nashua.
How long it will take to sell your house? On average it should take you a mere 2-3 months to sell your home in New Hampshire. However, I think I’d be more concerned about how long the interest rates will remain this low. The window is closing. Don’t let it shut on your fingertips.
To view all the homes for sale today in New Hampshire, please visit http://www.verani.com.