Is It Time To Sell?

The market has definitely been a “Buyers Market” and not a “Sellers Market” but things are also definitely changing.

The best news is that the changes are happening at a good solid pace and not shooting up or down suddenly, making it a much more sound market as a whole. So should you put your home up for sale now or wait?

Positive Signs That The Market Is Changing To Benefit The Seller

• Interest Rates Rising – Interest rates are slowly rising and buyers are thinking they better buy now before rates go up too high.
• Record Low Number of Homes for Sale – Many areas are seeing record low amounts of homes for sale. In a case of supply and demand this is a good thing for sellers because with fewer homes to view a buyer will be more likely to not only look at your home but if you market it right it could be the home they want.
• Mortgages Slowly Increasing – Lenders are still tight with lending their money but are beginning to lighten up a bit and are handing out more mortgages than a few years back when anyone and everyone got a loan; making the market a sure target for Foreclosures and bankruptcies. Now lenders are much more strict and are beginning to see where they were wrong in the past and have learned for the future.
• Unemployment Rates Falling – Buyers are feeling more comfortable with taking on large purchases such as homes as the unemployment rates are falling and they’re feeling a little sturdier on their feet.
• Good Outlook for First-Time Buyers – First-time home buyers are still lower than desired but with the market changing we could be seeing more and more first time buyers looking for homes.
• Marketing Techniques Are Getting Better – With social media and new technology marketing techniques are getting better and better for agents to market your house. Many are jumping on the bandwagon and using SmartPhone technology to market to buyers using QR Codes and Text Messaging when a home in their area goes on the market. Online tours are no longer just still shots and buyers can view your home before even picking up the phone to make an appointment to see it in person, wasting less time for everyone involved.

Have You Been Thinking of Selling But Holding Off Because of The Market?

It may be time to put that “For Sale” sign out if you’ve been thinking of selling but have held off. Besides the positive signs just covered there are also positive signs that you can upgrade now to a newer, bigger home, or if you’re looking to downsize to a smaller place for retirement, at low interest rates and for some of the best prices available. The market hasn’t taken a complete turn and at this point it’s beginning to almost be an “even market” for both parties. This means that you can still get some very low interest rates and with the money you make on the sale of your home you can hopefully put down a substantial down payment; increasing your chances of being financed without issue.

Getting your home on the market now gives you an edge on the spring sales increase that you normally see during the season. You will be getting your home on the market at just about the perfect time as the atmosphere changes and people begin to look for homes during a typically trending time for sales increases. Add to this the still low interest rates and you have a combination of reasons why it could be not only your time to sell but to buy also.

It’s Time To Get An Agent

With all things pointing towards an increasingly positive market the time to find your Selling Agent is now. Getting in touch with an agent will give you a jump-start on getting on the market and give you the time to get your house ready for sale. Your agent has the ability to market your home with an expert touch and knowledge that is priceless. Spring is known for being one of the busiest seasons for home sales and as sales increase and homes on the market decrease it’s definitely time to put your house out there!