2017 has introduced the perfect storm for those waiting for an opportunity to sell their home. Inventory (Homes for Sale) in Illinois is at extreme lows, with buyers lacking options to buy in the most sought-after neighborhoods.
Record-low mortgage rates will benefit sellers in this market more than buyers. Why? More easily accessible credit means buyers can pay more for your property. If you were considering sizing up or just wanting to cash out, there has never been a better time than now.
“[In 2015] home sellers cited that they sold their homes for a median of $40,000 more than they purchased.” – National Association of REALTORS®