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!
Author:Julie Baldino - Owner-Managing Broker Phone: 360-910-3586 Dated: February 28th 2017 Views: 314 About Julie Baldino: Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consisten...
Front Door Realty is a locally owned brokerage that specializes in buyer brokerage services, lot and land sales, luxury properties, HUD homes, corporate relocation, and more. Give us a call today so we can match you with the perfect team member!
Tara Friedt360-787-6229Free Home ValuationTaraFriedt.comfacebook.com/L
"I found Front Door Realty just by browsing through the Internet. At first I was browsing just because my son and his family live in Vancouver, and my husband and I live in Hawaii. I met Leah Wright while browsing, and made a new friend! Needless to say...after chatting with her, we decided to sell a property on Maui and buy an investment home in Vancouver! Leah and Front Door Realty took very good care of us throughout the whole process....we were in Vancouver when we were closing on our property here, so Front Door arranged for a Notary Public for us and allowed us to use their office! It was wonderful having the "Aloha spirit" displayed while we were away from home!
Leah was very professional throughout the whole process, and the staff at Front Door so friendly and helpful!"