As the temperature rises, buyers are coming out ready to purchase their dream home. The spring is
a great time to list your home for sale. Here are five reasons supporting that.
1. Demand is Strong
Foot traffic refers to the number of people out actually physically looking at homes right now. The
latest foot traffic numbers show that there are more prospective purchasers currently looking at
homes than at any other time in the last 12 months which includes last spring’s buyers’ market.
These buyers are ready, willing and able to purchase… and are in the market right now!
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing supply just dropped to 4.7 months, which is under the 6 months’ supply that is needed
for a normal housing market. This means, in many areas, there are not enough homes for sale to
satisfy the number of buyers in that market. This is good news for home prices. However, additional
inventory is about to come to market.
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. Homeowners are now seeing a return to positive
equity as real estate values have increased over the last two years. Many of these homes will be
coming to the market in the near future.
Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll
revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing
home (38% had no preference).
5 REASONS TO SELL NOW
The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes
comes to market before you sell.
3. The Process Will Be Quicker
One of the biggest challenges of the housing market in recent times 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 & 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 19.3% from now to 2019. 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 near 4% right now.
Rates are projected to increase by about three quarters of a percent by the end of 2015.
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
Only you know the answers to the questions above. You have the power to take back 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.
That is what is truly important.
Order your 16 page report THINGS TO CONSIDER WHEN SELLING YOUR HOUSE today by dropping me a line on www.mikebowler.com
"Expect the Best" Mike