I want to share a story about a dear friend and colleague of mine, Tracy Balogh. I am writing this down because I am very proud to work with the best in the biz.Tracy had a client
3 Reasons To Sell Now And Not In The Spring
1- Increased Demand and Decreased Competition:
Buyer activity in the form of foot traffic, those physically out looking for a home, is at its peak right now, and with the housing inventory at about a 3-month supply compared to its normal 6-month supply, now is the time to sell.
Home equity, a home’s fair market value and the outstanding balance of all liens on that property, is bouncing back, and so is seller’s confidence. This means that homeowners will be looking to sell soon.
New home construction is on the move and with 41% of home buyers preferring new homes (study by Harris Poll), this will one add to the competition.
2- Quicker Process:
Closing a contract can take a long time and banks require a lot of paperwork for mortgage approval, but there is less business in the winter meaning quicker processes than the spring.
3- Great Time to Move up and Move on:
If you’ve been thinking about upgrading your home for space, luxury, comfort, etc., now is the time. Interest rates and home prices are going to increase, interest rates projected to move from 4% to up half a percent and prices expecting to increase by 4.7% by the end of 2017. While moving into a bigger and better house feels like something you only dream about, it is something that is possible right now.
Don’t wait for your dream home to come to you, go get it, and now!
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....