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Zillow’s CEO on Why Its a Great Time to Sell

June 11, 2013

zillow ceo cnbc

Zillow CEO Spencer Rascoff was recently on CNBC and explained why its a great time to sell your house.

“If you have any equity in your home and you’re thinking about selling in the next couple of years,” he continued, “[it’s] probably best to sell now, even though home values are continuing to rise.

Imagine yourself buying a $300,000 home today, and in four years you may want to trade up to a $500,000 home,” he said. “That home is not just that much more expensive—but because mortgage rates are going to be higher—it’s significantly more expensive. So the trade-up market is going to be very troubled in a couple of years.

To watch the full video click here.

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