Selling or Buying a Jersey City condo is a big decision so you have to make sure you are making the right one. However it is easy to let caution get the better of you and wait too long to put your house on the market, or to make an offer on something you like. The real estate market isn’t fixed, it is constantly changing. The Jersey City downtown market has changed dramatically within the past 6 months, low inventory, multiple offers, offers above asking price. The experts predict that house values will continue to appreciate within the next year, they also predict that interest rates will also increase.
As a seller, increased interest rates mean buyers affordability decrease, which means fewer buyers for your home. As a buyer while it is tempting to look at everything before making a decision, you may find that the one you looked at a week ago is gone by the time you are ready to make an offer.
So, don’t rush into a decision, but if you see something that looks right for you go ahead and make an offer. Sellers, if you need to move on and are thinking of selling call me to help you do so. I can be reached at 201 232 8577.
