From Buyers, I hear a number of thoughts as to why they "are not ready yet ..." to buy a new home.
The number one reason usually is "we have to sell our home first". This is certainly understandable. NO one wants two mortgages unless you have won the lottery and want the tax deduction. I think most sellers are running so hard, nose down and tail up as we say, that they do not realize that NOW is the time to sell and then buy, not in September, October, etc.
Consistently for years we always see the greatest number of buyers coming to the market in April, May and June. From then on, the numbers of buyers drop off until December. After December we have another three months before the market again picks up. We see this cycle every year.
Knowing the buyers market has a cycle it goes through; sellers need to have their home drive up friendly and ready to show. Fresh paint, clean carpet, flowers in the yard, weeds removed and grass fertilized ... all of the things that need to be done to a home to make it show good if not well( look on my website for tips on making your home presentable to sell).
Bottom line:
Now is the time to sell. If your home is presentable, clean and organized and priced properly, it will sell and you're free to move on to buy your new home.
Interest rates are about as low as they are going to be... what better time is there then now to buy? IF the November elections throw the market into a crisis, the former seller may not be able to male a move for a number of reasons not his choosing.
Mortgage money IS available to buyers with good credit.
Market prices are only 4% lower then last year so home prices are holding.
Choose a home closer to work or your family. Now is the time to sell with interest rate as low as they are ...
Do not waste your time trying to sell the house yourself. There is not enough time in the day to do your job and sell your house. An experienced real estate agent knows what your home is worth and the best way to sell it. There is just one of you selling the home and there are over 40,000 realtors in the North Dallas market who have interested clients and can help make the sale. Even more important, do not waste the market's time in trying to make the sale. If you are not making milestones you can track in getting it sold, the buying market will discount the house as either over-priced or something is wrong with it. Now, you may not sell it at all... at least this year.
Go to my website and read the article "Seller's Secrets", then call me and let me walk you through the maze of selling your home. www.exceptionalhomesonline.com
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