5 Reasons To Sell Your House This Spring!
Here are five compelling reasons listing your home for sale thisspring makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index fromthe National Association of Realtors (NAR) showsthat buyer demand remains strong throughout the vast majority ofthe country. These buyers are ready, willing, and able topurchase… and are in the market right now! More often thannot, multiple buyers are competing with each other for the samehome.
Take advantage of the buyer activity currently in themarket.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supplyneeded for a normal housing market. This means that, in most of thecountry, there are not enough homes for sale to satisfy the numberof buyers.
Historically, the average number of years ahomeowner stayed in his or her home was six, but thatnumber has hovered between nine and ten years since 2011. Manyhomeowners have a pent-up desire to move, as they were unable tosell over the last few years due to a negative equity situation. Ashome values continue to appreciate, more and more homeowners aregranted the freedom to move.
Many homeowners were reluctant to list their home over the lastcouple of years for fear that they would not find a home to move into. That is all changing now as more homes come to market at thehigher end. The choices buyers have will continue to increase.Don’t wait until additional inventory comes to market beforeyou to decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to doall they can to stand out from the crowd, including gettingpre-approved for their mortgage financing. Buyers know exactly whatthey can afford before home shopping. This makes the entire sellingprocess much faster and simpler. According to EllieMae’s latest Origination InsightsReport, the time to close a loan has dropped to 47days.
4. There Will Never Be a Better Time to MoveUp
If your next move will be into a premium or luxury home, now is the time to move up!The inventory of homes for sale at these higher price ranges hascreated a buyer’s market. This means that if you are planningon selling a starter or trade-up home, it will sell quickly, ANDyou’ll be able to find a premium home to call your own!
According to CoreLogic, prices are projectedto appreciate by 4.6% over the next year. If you aremoving to a higher-priced home, it will wind up costing you more inraw dollars (both in down payment and mortgagepayment) if you wait.
5. It’s Time to Move on With YourLife
Look at the reason you decided to sell in the first place anddetermine whether it is worth waiting. Is money more important thanbeing with family? Is money more important than your health? Ismoney more important than having the freedom to go on with yourlife the way you think you should?
Only you know the answers to these questions. You have the powerto take control of the situation by putting your home on themarket. Perhaps the time has come for you and your family to moveon and start living the life you desire.
That is what is truly important.