For those trying to make the decision to enter the Western NC real estate market now to buy or sell, there are a lot of factors to take into consideration. This area has seen a lot of development and growth over the years. There are many market conditions that may make it an ideal time to make a move, but it is a personal decision based on where you are financially and in the home buying and selling process overall. Here are a few things to keep in mind.
Should You Sell Now?
Selling a home in the Western NC real estate market now may mean you will get a higher price for your home than if you wait. Home prices in many areas have increased on a routine basis for quite some time, making it possible to get a higher price right now. Inventory in many communities is low, too, which may help to drive up value depending on the location.
Should You Buy Now?
Buying real estate in this area is a solid investment for several reasons. While home prices are higher, it is not likely that a significant cool off will happen any time soon. More so, mortgage interest rates are still very competitive, making now a good time to purchase with a loan.
It goes without saying that having a formal, custom evaluation from a real estate agent is the first step when considering the Western NC Real Estate market.