3 Reasons To Sell Your Home This Spring

Dated: 04/08/2014

Views: 1666

 48 Visual

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.

1. Demand is about to skyrocket

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. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north. These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition - For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future. 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. 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 approximately 4% this year and 8% by the end of 2015. 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. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015. Moving up to a new home will be less expensive this spring than later this year or next year. If you are a real estate professional and want great information on where prices and interest rates are headed over the next 18 months, we cover both in the March edition of Keeping Current Matters. If you are already one of our 6,000+ members, login in to get the educational resources you need to intelligently discuss the future of values and interest rates with your clients.

Latest Blog Posts

Do Not Wait To Sell Your House Buyers Are Out Now

If you have any clients hesitating about selling....check out this article. Recently released data from the National Association of Realtors (NAR) suggests that now is a great

Read More

Why You Should List On Wednesday Or Thursday

Why You Should List in the Middle of the WeekIf you want to sell a home for the most money, list it on a Wednesday. If you want to sell it in the fastest amount of time, list on a Thursday. These

Read More

Stress Free Moving Tips

How often are you dealing with families or clients who are moving or about to move?According to the U.S. Census Bureau, about 40 million Americans—one in nine people—move each year. While

Read More

10 Design Ideas To Revive Your Outdated Listings In 2018

Here is a great article to share with long term home owners who need a gentle prodding for refinementBringing fresh design tips to sellers will only increase the valuable service you offer...Most

Read More