Are you interested in selling your Reno home but aren't sure if you should do so now or wait? While it is definitely a great time to buy a Reno home, that doesn't mean that you should hold onto your property for months. Here are five of the top reason you should sell your Reno home now.
Buyers Fall for Homes in the Fall - Sales taper off a bit in the summer, but the fall brings out the buyers again. September and October are prime time for selling your Reno home. If you wait until winter, your buyer prospects may go into hibernation.
Distressed Properties Affect Sales Prices - There will be more foreclosures and short sales hitting the market in the upcoming months. This will bring down the prices of traditional home sales as well. That means that, if you wait, your home will be competing with distressed Reno homes that are much lower in price than yours. Get your home on the market now before that competition hits.
Lending Standards Continue to Get Stricter - Mortgage companies are continuing to tighten their standards. With legislation currently under consideration by the government, it could become even harder for buyers to qualify for a loan. This would mean that it could get harder for buyers to purchase your Reno home in the not-so-distant future.
Now's the Time to Dream Big - Inventory levels provide a wide variety of Reno homes to choose from, prices are fantastic and interest rates remain low. So, if you want to upgrade from your current home, now's the time to sell it and buy a new one. Also, if you buy a home now, when prices go up, you will have that much more equity in the property.
It's Time to Move On - Most likely, if you've considered selling your home, there's a reason you are doing it. Just because the housing market may not be in the boom of a few years ago shouldn't deter you from selling it. If it's necessary to sell your Reno home now, you should just go ahead and do it. It may mean taking less than what you originally hoped to receive. But, sometimes you need to that just to be able to put it behind you and move on.
Whatever your reason may be for selling your Reno home now, I understand it can be a daunting task. I promise you that I will get you the best price possible in the best time frame possible. Contact me now so we can get you out of this house and into a new home now.
Charlene Hamilton, Certified Distressed Property Expert, Helping Reno Homeowners Avoid Foreclosure
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