Why This Year Is A Great Time To Sell Your Knoxville Home
Many experts are predicting that 2015 will be the first year that the real estate market returns to normal. For anyone in Knoxville who is thinking about selling their Knoxville home this year, the return to normalcy in the real state market could prove to be a good thing. Here is why this year is a great time to sell your Knoxville home.
As the Knoxville real estate market returns to normal, it is expected that home prices will stabilize. While home prices are still expected to increase, it will not see the drastic increases that some areas of the country saw in 2013. Home prices will see healthy levels of price increases in 2015.
In addition, with the economy slowly improving, more and more buyers are seeing 2015 as a good time to buy a Knoxville home for sale, which is great news for the homeowners who want to sell their home. According to a recent survey from Fannie Mae, 65% of consumers believe that now is a good time to buy a home.
There are also have been some changes to programs available to first time home buyers, which is making it easier for first time home buyers to buy in 2015. In January of this year, the FHA announced that FHA loans will be lowering their mortgage insurance premiums, which will make buying a home with an FHA loan more affordable. Fannie Mae and Freddie Mac have also announced new programs for 3% down conventional loans. This is great news for first time home buyers in Knoxville, since they will have more loan options to buy a Knoxville home.
With an increase in prices and consumer confidence in the housing market in 2015, and with more opportunities for first time home buyers, this year will be a great year to sell your Knoxville home.