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May...Or May Not

By
Real Estate Agent with First Team Real Estate Inc.

Beach Areas home buyer waiting

There's a great article on the KCM (Keeping Current Matters) blog that touches on some good reasons to consider selling your house rather than waiting, if a move is indeed in your future. There are some really good points made and here are some of the highlights...

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      • Springtime, especially May, is when most buyers enter the real estate market. This greatly increases exposure and the chance of getting quality offers, just by sheer volume.

      • Foreclosures and short sales are increasing in total. While the influx of new foreclosures and short sales may be going down, there is a large existing inventory already.

      • While interest rates have stabilized recently, they have risin over 1/2% in the past 6 months. As a seller, each 1/4% increase means about a quarter of a million buyers are eliminated from mortgage qualification...which means fewer eligible buyers for your house. Which also means a higher rate for you when you buy your next house.

      • Qualifying for a mortgage isn't getting any easier. Lending standards are etting tighter over the past year and banks are holding their collective breath while the government debates new proposed guidelines.

      • Reasonably weigh your options. The market can keep your life in a holding pattern if you let it. Think about the reasons you want to sell your home...are they still important to you? If you have to take less than you were hoping to get for your house, is the difference in price worth putting off your plans? Only you and your family can answer that.

It all really comes down to your wants and needs. Market reports, both good and bad, can sway you in one direction or another if you're not sure of your decision. This market isn't an easy one to navigate, but it's much easier if you're sure of the direction you're going. A good real estate professional will guide you in the right direction for your needs.

To read more from the KCM Blog, click here.

For more help and hints, just call me...your Beach Areas Specialist at 562-244-8021, visit my webpage www.annstefanucci.com or visit me on Facebook.