Retire VA 21-22 - 6

To Sell or
Not to Sell
written by Dan Smith
Roanoke homes are selling rapidly, real estate experts say.
C
6 / Retire-VA.com / RETIRE-VA 2022
harlene Jones is emphatic. The Re-Max Lakefront Realty agent says, " If
you're gonna sell, now's the time ... if you have a place to move to. "
A combination of circumstances has led to a red-hot real estate market
in the Roanoke Valley, one that has led a lot of retirees to consider selling
their homes. Agents are unified in the " sell now! " mantra.
But it's not as simple as that.
Mortgage rates are at impressive lows and housing sales are up dramatically. In April
alone, 503 homes sold in the Roanoke Valley and 673 were placed under contract. The
median sale price was just a shade under $225,000. The prediction for the remainder of
the year (from ANZ Bank) is that home prices will rise 17% by the end of the year before
slowing in 2022.
Zillow tells us that home prices have doubled in the last decade and in the Roanoke
Valley, agents are saying homes are selling almost as fast as they are listed. But does
that mean you should sell?
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Retire VA 21-22

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