Delaying selling? You may want to read about the following 5 reasons why you should consider selling your house in Louisville right away.
The showing process involves constant interruptions for sellers. The most convenient time for buyers to see a home, evenings and weekends, is usually your down time. Additionally, the pressure of constantly maintaining your home for showings is stressful! The fact that you could suddenly have buyers popping in means you can never really relax.
In order to list the property, it needs to be in picture-perfect condition. Unless your home is brand new, you may have to invest in repairs. These can range from small fixes to expensive foundational, structural or larger home system repairs, such as replacing a furnace or plumbing work. Avoid the expenses and stress of preparing to list and show your home, and consider selling your house in Louisville right away.
Avoid Listing Expenses
The extremely high commission of real estate agents drives many homeowners to attempt the do-it-yourself path of listing their house. After time passes and they have made expensive mistakes, they then turn to a realtor. Top agents demand a healthy marketing budget — they’ll want to control what is done to improve the condition of your home and are likely to include the costs of staging.
Along with all of the other fees that may be tacked on, sellers find themselves investing more into the property in order to sell it, with no guarantee of a sale. These commissions and other expenses are another reason why you should consider selling your house right away in Louisville.
The unknown factor of when your home will sell adds immense stress. This is especially true if you’re under pressure to move. This may be due to financial difficulties, a change in employment or moving to care for a loved one. Having to pay the costs for two homes when forced to relocate is an important reason you should consider selling your house right away in Louisville. Many budgets are unable to carry such a load. Consider this when exploring the true cost of listing traditionally, either with an agent or on your own.
Low Mortgage Rates
Recent changes to bank regulations will likely cause an increase in mortgage rates. Additionally, as the year progresses, the Fed, or Federal Reserve, has slowly cut back on the mortgage backed securities they commit to purchasing. While they don’t set the rates directly, their actions and policies have an effect on mortgage rates.
Rising rates and buyer scarcity are both good reasons to consider selling your house right away in Louisville. Much of the Fed’s next actions depend on the outcome of the COVID-19 vaccine and its effect on the economy. There are also new banking capital requirements coming into effect, likely to cause rising rates as well.
All good things must come to an end, and this is true for the pandemic-era status of homeowner protection. While millions of homeowners have come under the protection of the CDC order and have been able to hold on to their property, these protections are now ending. The likelihood of these homeowners overcoming their economic challenges is extremely uncertain. They will be responsible for timely mortgage payments moving forward. Most have also been required to pay an additional repayment amount for any unpaid months.
As this year comes to an end, experts predict the housing market will become flooded with homes whose mortgage forbearance is ending. It is likely that not only will housing prices level off, but they will also drop in price as the new year begins. Oversupply, leading to lower prices, is a big reason why you should consider selling your house in Louisville right away.
By selling directly to We Buy Houses in Kentucky, you can eliminate all of these concerns and expenses! You’ll be ahead of the game with a guaranteed closing date in hand, usually within 30 days or less. We Buy Houses in Kentucky buys your house exactly as-is, with none of the demands of repairs and showings, and no commissions, fees or marketing expenses that usually come along with listing a home.
Ready to learn more about the reasons why you should consider selling your house in Louisville to We Buy Houses in Kentucky right away? Send us a message, or call our husband and wife team, Daniel and Catherine Close, at (502) 383-1484 now.
We buy houses in Louisville, Kentucky and surrounding areas, including: Bardstown, Fern Creek, Highview, Jeffersontown, La Grange, Lyndon, Mount Washington, Newburg, Okolona, Shelbyville, Shepherdsville, Shively, St. Matthews, Taylorsville and Valley Station. We also buy homes in Southern Indiana, including these areas: Clarksville, Jeffersonville and New Albany.