If you've been thinking about selling your house in Cobb County, this might be the right time. Why? Because we are in a seller's market. This means houses are being sold quickly and for high prices. In fact, compared to last year, houses are selling at prices 2.5% higher!
You might be surprised to learn that the average value of a house has gone up quite a bit. Right now, here's what you can expect for different house sizes in Cobb County:
Even though mortgage rates are high now, your house's increased value could be a big help. This is thanks to something called "equity", which is the part of your house you fully own - its value minus what you still owe on your loan. Many people in the U.S. now have about $290,000 in equity because house prices have risen a lot recently.
You can use this equity in two big ways when you move:
Even though it's a seller's market, there are still good deals to be found for buyers. Here are some quick facts about the current market:
So, if you're looking to buy, be ready to make a quick move to snag a great deal. Talk to a real estate expert to know exactly how much you can afford and to get help finding the best deals.
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