Here are five reasons listing your home for sale this fall makes sense.
1. Demand Is Strong
The latestBuyer Traffic Reportfrom theNational Association of Realtors(NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housinginventoryis still under the 6-month supply that is needed for a normal housing market.
This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.
Historically, the average number of years a homeowner stayed in their home was six, but that number has jumped to an average of almost nine years since 2008. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According toEllie Mae’slatestOrigination Insights Report,the time to close a loan has dropped to 43 days, after seeing a 12-month high of 48 days in January.
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium orluxury home, now is the time to move-up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!
Prices are projected to appreciate by 5.0% over the next year according toCoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars(both in down payment and mortgage payment)if you wait.
5. It’s Time to Move on With Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.
Author:Heather F Davidson Phone: 609-209-7581 Dated: September 18th 2017 Views: 255 About Heather: I'm an agent whose business is built on the promise of exceptional customer service. If you are sel...
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Specialties: Buyer's Agent, Listing Agent, Relocation, Short-Sale
I'm an agent whose business is built on the promise of exceptional customer service. If you are selling your home or searching for that special place to call your own, you deserve to work with someone you trust-someone who you know has your best interests in mind. Whatever your particular Real Estate need, I'll work hard to make sure that you are completely satisfied. I have the knowledge, experience, and dedication that it takes to get results.
We hope 2018 is a great year for you, both personally and
"I have worked with Heather on several home purchases now, as well as rentals on another property. Heather is very knowledgable and quick to point out both the good and bad features of a property as well as potential upgrades or solutions to issues. I had a very specific set of requirements for this home. I'm a single dad on a budget, yet I was not going to shortchange my kids of a home with the space we needed to be comfortable and grow, both inside and out. We saw A LOT of properties trying to find the right blend of features, price and required upgrades. I wasn't foolish enough to think I would get everything I was looking for, for a good price, in move-in condition. I knew I would need to do some updating myself, but I also had to be able to move in and live there with the kids, so it couldn't be a total rehab project. Heather was great about responding to my many questions and emails and requests for property info at all hours of the day. She was also great setting up showings and working with my busy work schedule and having to bring my daughter along on almost all of our viewings. I would certainly recommend Heather for anyone's home buying or selling needs and I, myself would use her again. Though I do Intesn to stay put for quite some time now"