If you've been on the fence, here are 5 reasons...
It's a GREAT Time to List Your Home!
It's a GREAT Time to List Your Home!
Let's get you packing!
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1. Demand Is Strong! The latest "Buyer Traffic Report" from the National 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! Many times, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market.
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2. There Is Less Competition Now! Housing inventory has declined year over year for the last 32 months, and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough good 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 has hovered between nine and ten years since 2011. 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 (competition) 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 to Ellie Mae’s latest "Origination Insights Report", the average time it took to close a loan was 45 days.
4. There Will Never Be a Better Time to Move Up! Prices are projected to appreciate by 4.8% over the next year according to CoreLogic. 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 these questions. Perhaps the time has come for you and your family to move on and start living the life you desire, which is what is truly important.
Historically, the average number of years a homeowner stayed in their home was six but has hovered between nine and ten years since 2011. 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 (competition) 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 to Ellie Mae’s latest "Origination Insights Report", the average time it took to close a loan was 45 days.
4. There Will Never Be a Better Time to Move Up! Prices are projected to appreciate by 4.8% over the next year according to CoreLogic. 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 these questions. Perhaps the time has come for you and your family to move on and start living the life you desire, which is what is truly important.