Tuesday, October 24, 2017 / by Alex Krasnoff
Five Reasons to Sell Now
Here are five reasons listing your home for sale this fall makes sense.
1. Buyers High Demand
The latest report for buyers from the National Association of Realtors (NAR) shows that buyer demand remains in high demand throughout the vast majority of the country. These buyers are pre-approved and ready to buy in the market RIGHT NOW!
Interesting Fact: many buyers are competing for the same house. Homes are receiving multiple competitive offers.
Nows your chance to take advantage of the buyer market!
2. The Market is less Competitive
There are not enough homes on the market to satisfy the buyers searching for homes.
There is a desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation and the market status. As home values continue to appreciate, more homeowners are now ready to move. Don’t wait until this other inventory comes to market before you decide to sell.
3. Quicker Processing
With today's buyer's environment, it has forced them to do all they can to stand out from the crowd, including getting pre-approved for financing and making high, competitive offers. 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 time to close a loan has dropped to 43 days, after seeing a 12-month high of 48 days in January.
4. Now is the best time to move
If your next move will be into a bigger home, now is the time to move on 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 home, your home will sell quickly AND you’ll be able to find an amazing home to call your own!
Did you know: "Prices are projected to appreciate by 5.0% 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. Basically, 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."