Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are five of those reasons.
1. The Most Serious Buyers Are Out Now. Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. These buyers are ready, willing and able to buy…and are in the market right now!
2. There Is Less Competition Now. Housing supply always grows from the spring through the early summer. The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.
3. The Process Will Be Quicker. One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker and simpler.
4. There Will Never Be a Better Time to Move-Up. If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19% from now to 2018. If you are moving to a higher priced home, in raw dollars, it may cost you more (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Rates are projected to be well over 5% by this time next year.
5. It’s Time to Move On with Your Life. Look at the reason you decided to sell in the first place and decide 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?You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. 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. Isn't it?
Courtesy of KCM
Author:Josh Zehnder Phone: 937-219-4870 Dated: March 18th 2014 Views: 799 About Josh: My commitment is to the Greater Dayton & Cincinnati areas. I have over 15 years of experience in the...
View our latest blog posts in your RSS reader. Click here to access.
About Berkshire Hathaway HomeServices Professional Realty
The Zehnder Group provides exceptional, experienced and trusted real estate support to local families in the Miami Valley. We are backed by the Berkshire Hathaway HomeServices brand. Whether buying a new home or selling your existing one, our quality expert staff is prepared to help you accomplish your real estate goals. Total customer satisfaction is our mission. The Zehnder Group, Experience Real Estate Excellence.
Here are four reasons to consider buying today instead of waiting.1. P
"Don helped me and my wife Carolyn successfully sell our home. Don worked diligently to sell our house. The selling process occurred during the weak time of real estate marketing. His efforts were continuous and we found him devoting extra effort and going out of his way to promote our property. He kept himself readily available to contact by responding quickly when called. We greatly appreciated his excellent service"