The housing recovery appears to be in full swing across the country, especially here inSurprise, AZ and the entire Phoenix, AZ area. For the 18th month in a row, both home sales and prices are higher than the same month in the previous year. July home sales were 17.0% higher than last July, and the median home value in Surprise, AZ was $238K.
So why is NOW such a good time to put my home on the market? Good question;
here are 5 Top Reasons.
1. Low Mortgage Interest Rates:
Date 30yr fix 15yr fix 5/1 ARM 30yr Jumbo
Mortgage rates remain at historic lows, and home affordability in Surprise, AZ and surrounding areas in Phoenix, AZ is very attractive compared to historic levels.
2. The value of the home you plan to buy after you sell your home is also increasing in price:
Let's face it, most of us sell our existing home to upgrade to a newer or larger home here in Surprise, AZ. That newer home's value will most likely increase at a higher rate then your existing home. The longer you wait the wider the gap grows between the value of your existing home and the home you plan to purchase.
3. Potential home buyers are on their way to the Surprise, AZ area! As the winter months approach, potential home buyers are doing their research online now. They are visiting websites like mysurpriserealestate.comeveryday to gain a perspective of the market and search it's inventory.
4. Supply and Demand. The market is a Seller's Market here in Surprise, AZ. As more homes continue to become active on the market, supply increase, and stabilize the market into and even balance. This is likely to happen over the next 12-18 months.
5. Set the price in your neighbor. Home value is based on comparable homes that have sold in your neighborhood which are similar to your home. I suggest getting a Comparative Market Analysis (CMA) done on your home located here in Surprise, AZ. More details are provided at mysurpriserealestate.com. Remember, your CMA is a valuable tool when pricing your beautiful home. Don't attempt to set your price without a CMA completed by a professional. You just might under-value your home without one.
So why is NOW such a good time to put my home on the market? Good question;
here are 5 Top Reasons.
1. Low Mortgage Interest Rates:
Date 30yr fix 15yr fix 5/1 ARM 30yr Jumbo
| 8/14/2013 | 4.57% | 3.61% | 3.61% | 4.73% |
Mortgage rates remain at historic lows, and home affordability in Surprise, AZ and surrounding areas in Phoenix, AZ is very attractive compared to historic levels.
2. The value of the home you plan to buy after you sell your home is also increasing in price:
Let's face it, most of us sell our existing home to upgrade to a newer or larger home here in Surprise, AZ. That newer home's value will most likely increase at a higher rate then your existing home. The longer you wait the wider the gap grows between the value of your existing home and the home you plan to purchase.3. Potential home buyers are on their way to the Surprise, AZ area! As the winter months approach, potential home buyers are doing their research online now. They are visiting websites like mysurpriserealestate.comeveryday to gain a perspective of the market and search it's inventory.
4. Supply and Demand. The market is a Seller's Market here in Surprise, AZ. As more homes continue to become active on the market, supply increase, and stabilize the market into and even balance. This is likely to happen over the next 12-18 months.
5. Set the price in your neighbor. Home value is based on comparable homes that have sold in your neighborhood which are similar to your home. I suggest getting a Comparative Market Analysis (CMA) done on your home located here in Surprise, AZ. More details are provided at mysurpriserealestate.com. Remember, your CMA is a valuable tool when pricing your beautiful home. Don't attempt to set your price without a CMA completed by a professional. You just might under-value your home without one.
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