Traditionally, the "spring" market in the Oak Park area is the busiest real estate season, and with good reason. The weather's getting nicer, flowers start to bloom, and people tend to like to move during the early summer months so they can settle into their new neighborhoods while the weather's still warm.
If you're looking to move this year, however, you may want to get a head start. Here's why:
1. Buyers are lined up to move to your neighborhood, and they don't care that they (and their agent) have to tread through waist-high snowdrifts to get to your lockbox. They are eager and excited, much more so than I've seen in recent years.
2. There's not much housing inventory on the market right now for buyers to choose from. Work with your agent (hopefully me!) to make sure your staging & photography showcases your home's features, and your listing will certainly garner a lot of attention! More on the importance of having stellar listing photos here. More listings will start to come on the market toward the end of February and March; would you rather sell with more or less competition out there?
3. Interest rates are still relatively low. Many experts are predicting that mortgage interest rates will trend upwards toward and possibly even reach 6% by the end of 2014... Whether you're upsizing, downsizing, or making a lateral move, delaying even a few months could curtail your buying power.
WHAT'S YOUR HOME WORTH?
You might be surprised to hear that home prices in Oak Park IL have been on the increase. This is due to limited inventory and an uptick in buyers wanting to move to our area. Our local real estate market has shifted quite quickly into a sellers market!
What does this mean for you? This means there is a period of time now in which you can sell your home for top dollar. Many homes are selling in a matter of hours or days, often with multiple offers, as soon as they're put on the market in the Oak Park IL area.
You don't have to sell, but it's always a good idea to find out what your Oak Park / River Forest home's value might be if you put it on the market today.
Click the link below or call 630.248.1976 to find out what your Oak Park / River Forest home might sell for today. http://www.oakparkhousevalues.com
Check out the competition here: www.OPRFhomesforsale.com
⌂⌂⌂ The Pych Team is a leading full service real estate team at RE/MAX In The Village, Realtors. Kyra Pych and Laurie Christofano strive to sell each and every one of their listings in less than average time for a higher than average price. The Pych Team, Your #1 Pick! ⌂⌂⌂