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Tuesday, 10 September 2013

Some Tips to consider while purchasing a home

9/10/2013 06:36:00 pm home sale report, interest rates area unit Rising, new construction is coming, offer is commencing to increasing, The demand is high No comments

Many people have currently noticed that it's an excellent time to shop for a home. Today, we would like to appear at why it would even be an opportune time to sell your house. There are highest five Reasons we tend to believe currently is also an ideal time to place your house on the market.

1.) The Demand Is High

The most recent ExistingHome Sales Report by the National Association of Realtors (NAR) showed a high increase in sales over the calendar month of 2012; sales have remained on top of year-ago levels for twenty five months. There is a unified consumer and are looking for purchasing home.

2.) Offer Is commencing to Increase

Total housing inventory in the last 6 months rose to a standard level. This represents a 51% increase compared with 43% in Jan. The Places in Noida and Greater Noida is in high Demand and expected to enter positive equity within the next twelve months. Currently The demand is high and before offer will increase could garner you your best value.

3.) New Construction Is coming

Over the last many years, most householders mercantilism their home didn't have to be compelled to contend with a replacement construction project round the block. Because the market is ill , additional and additional builders area unit jumping back in. These ‘shiny’ new homes can once more become competitive as they're a lovely various for several purchasers.

4.) Interest Rates area unit Rising

According to the study Primary Mortgage Market Survey, interest rates for a 30-year mortgage have shot up to four.57% that represents a jump of quite a punctuation since the start of the year. Whether you're moving up or moving down, your housing expense is additional a year from current if a mortgage is important to get your next home.