Is it a good time to sell? We believe a lot of investors are asking themselves that question and many of them are leaving their management companies and calling a Listing Agent. The facts indicate that they are making a short term mistake because they are asking themselves the wrong question. Do investors want a little or a lot?
Continued tight inventories are increasing existing home prices and rental rates which increase an investor’s equity. Housing starts have been 30+% below our nation’s needs for 6 years and North Carolina continues to attract many new employers. With a current mortgage at a historically low interest rate, should an investor sell today for a little profit or wait until tomorrow for a lot more?
We at T. R. Lawing Realty, Inc. believe patience and a long-term view will be richly rewarded.