"If you're toying with the idea of selling your home, local REALTORS® have three words for you: Seize the day." - MGIC/MAAR Home Payment Report Q1 2018
The current market could be the most favorable environment sellers will see in a decade or more when it comes to making a quick and easy sale at a healthy price! If you are worried about a fast home sale in a tight market that leaves you with no appealing home to move into..here are 3 solutions:
- You could lock up your new place before selling the old, knowing the risk of getting stuck with two homes is extremely low if your current home is well priced and otherwise marketable.
- You could add a contingency to the sale agreement that the sale of your current home is subject to your finding an acceptable relocation option.
- You could always sell and move to temporary housing, taking as much time as you need to find the just-right new home.
Don't be afraid of buying a home in this market, the quarterly MGIC/MAAR Home Payment Report shows that monthly payments – including principal, interest, property taxes and private mortgage insurance for down payments of less than 20% - have been rising more slowly than prices. In some cases, the monthly payment has even fallen despite a higher sale price.
To access the full MGIC/MAAR Home Payment Report, please click here
