If you’re a buyer in our Fort Hood market, now’s the time to make your move—here’s why.
What’s happening in the Fort Hood and Central Texas area market lately?
Right now, we’re in a transition period. Because of the Fort Hood military base, we see a lot of homeowners coming and going.
Currently, the average list price for homes is $160,000. At that price point, it’s more of a seller’s market because so many buyers are competing for homes in this range. Above $160,000, however, buyers have more homes to choose from.
The good thing about our area is it’s mainly a VA market, meaning roughly 90% of all homes are purchased with a VA loan. Knowing this, sellers are more apt to pay the majority of the closing costs during their home sale.
What’s more, interest rates are still very low, so if you’re a buyer, now is a great time to make your move.
If you have any questions about our market or you’re thinking of buying or selling a home, feel free to give me a call or send me an email. I’d be happy to speak with you.