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Should I sell my house this year in Waldorf MD?

Dated: 06/26/2020

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Should I sell my house this year in Waldorf MD?

Four Reasons Waldorf MD Homebuyers Are Ready to Purchase This Year

This is not my video or music, licensed through Keeping Current

Let’s break down why these are a few of the key factors motivating buyers to actively engage in the home search process, and the corresponding wins for sellers as well.

  • 1 Low Mortgage Rates

The biggest reason potential homebuyers indicated they’re eager to purchase this year is due to current mortgage rates, which are hovering near all-time lows. Today’s low rates are making it more affordable than ever to buy a home, which is a huge incentive for purchasers. In fact, 67% of respondents in the Lending Tree survey want to take advantage of low mortgage rates. This is no surprise when comparing historic mortgage rates by decade

Some experts, however, are not convinced the current rush of purchasers is sustainable. Ralph McLaughlin, Chief Economist at Haus, explained in their June 2020 Hausing Market Forecast why there is concern:

Historic Mortgage Rates

  • 1970s 8.86%
  • 1980s 12.7%
  • 1990s 8.12%
  • 2000s 6.29%
  • 2010s 4.09%
  • June 2020 3.21%

Sam Khater, Chief Economist at Freddie Mac recently said:

As the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market. Low mortgage rates are a key factor in this recovery.
  • 2 Reduced Spending

Some people have also been able to save a little extra money over the past few months while sheltering in place. One of the upsides of staying home recently is that many have been able to work remotely and minimize extra spending on things like commuting expenses, social events, and more. For those who fall into this category, they may have a bit more saved up for down payments and closing costs, making purchasing a home more feasible today.

  • 3 Re-Evaluating Their Space

Spending time at home has also given buyers a chance to really evaluate their living space, whether renting or as a current homeowner. With time available to craft a wish list of what they really need in their next home, from more square footage to a more spacious neighborhood, they’re ready to make it happen.

What does this mean for Waldorf MD buyers and sellers?

With these three factors in play, the demand for housing in Waldof, MD will keep growing this year, especially over the summer as more communities continue their phased approach to reopening. Buyers can take advantage of additional savings and low mortgage rates. And if you’re thinking of selling, know that your home may be in high demand as buyer interest grows and the number of homes for sale continues to dwindle. This may be your moment to list your house and make a move into a new space as well.

If you are stationed here and are looking to purchase or sell a home please contact "Skip Young"

"Marine Barracks DC" "National Guard Armory" "American Military Society" "Navy Lodge" "American Military Society" "US Naval Reserve Readiness Military Naval Air Attach" "Washington DC Police Department" "Air Supply US Coast Guard Headquarters" "Joint Anacostia Bolling AFB" "Department of Navy" "Fort George G. Meade" "Naval Support Facility Indian Head" "Joint Base Andrews" "Coast Guard Yard" "US Air Force Civil Air Patrol" "NAVAIR Maryland Military" "US Army Reserve Center" "Department Naval Surface Warfare Center" "Army National Guard Recruiter" "Naval Air Station Patuxent River" "Welcome to the Fort Belvoir" "Air Force United States Department Joint Base Andrews, MD"

Skip Young Realtor® with Reviews as a Realtor®, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor®, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in Washington DC, Maryland or Virginia. Military bases such as:

Hire Skip Young Relator® for your next Home Purchase or Sale

Waldorf Maryland Realtor® - Skip Young Realtor®

If you are stationed here and are looking to purchase or sell a home please contact Skip You are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in Washington DC, Maryland or Virginia. Military bases such as:

Skip Young Realtor® with Reviews as a Realtor®, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor®, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in the Washington DC, Maryland or Virginia. Military bases such as:

There are currently 23 million veterans and service members right in your local community of Washington DC, Maryland, and Virginia. They transact over $153 billion annually in the Local Real Estate purchases and Selling of Property, along with the Rental Market. Learn how you can help tap into and serve the veteran community with VAREP, the Greater Annapolis Chapter. Skip Young your Waldorf MD Realtor® and Veteran is still continuing to serve my country by helping our community of brothers and sisters by representing the Government Affairs division. The position is about assisting in changing the laws that help protect veterans and service members who need to find housing in the Washington DC Maryland and Virginia area.

Skip YouSkip Young | EXP Realty | Fort Meade MD Realtor®

Realtor®, Veteran, New Home Sales

888-860-7369 x 240 Broker

301-337-1999 Cell

eXp Realty

137 National Plaza, Suite 300

National Harbor, MD 20745

www.skipyoung.com

Military MD Realtor® | Veteran | eXp Realty | VAREP Director of Government Affairs Greater Annapolis Chapter

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