Now that summer has ended and fall is beginning in Orange County many homeowners in the area want to know if it’s still a good time for them to sell their homes.
The answer to this question is yes but it’s also a great time to sell your home because of these factors:
In spite of current market conditions a good location will always be desirable regardless if there is an economic slump, unemployment or high mortgage interest rates.
Home buyers are always looking for homes which are near the best schools, great amenities; recreation, restaurants and stores so if your home can be considered to be in a great location have heart because you shouldn’t encounter any problems selling it.
Mortgage Interest Rates
Yes, mortgage interest rates are still historically low. As of this writing (September 2014), are currently at 4.23% for a 30-year fixed mortgage loan, so there will still be plenty of buyers out there who have pre-qualified for mortgage loans and are searching for homes for sale in Orange County.
Home Values Have Stop Sliding
Here in Orange County, home values have stop sliding and have even gained upwards of 50% of their lost value during the past 3 years. This means you should have regained most of the equity or value you lost in your home during the recession so there’s never been a better time to sell than right now.
Fall Is a Great Time to Sell
Last of all, but most important, fall is one of the best times to sell your Orange County home.
With cooler weather coming and the holiday season right around the corner you will be able to stage your home with the right smells and decorations of the season so homebuyers can see themselves potentially living in and loving your home.
To learn more about the Orange County Real Estate market or to view homes for sale in the area contact Fred Sed & Associates today by calling us at (949) 272-0125.