Winter Is Coming… 5 Reasons to Sell Now!

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Real Estate Agent with REMAX Above The Beach 103848

Winter Is Coming… 5 Reasons to Sell Now! | MyKCM

People across the country are beginning to think about what their life will look like next year. It happens every fall; we ponder whether we should relocate to a different part of the country to find better year-round weather, or perhaps move across the state for better job opportunities. Homeowners in this situation must consider whether they should sell their house now or wait.

If you are one of these potential sellers, here are five important reasons to sell now instead of in the dead of winter.

1. Demand Is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market (which is 4.5-months).

This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market soon.

Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase, reaching historic levels in 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream homes within the existing inventory have turned to new construction to fulfill their needs.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007's pace. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler. 

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.57% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.  

That is what is truly important.

source: www.keepingcurrentmatters.com

 

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Make it a great day! "Oh by the way, I'm never too busy for your referrals and greatly appreciate anyone you send my way!"

Filomena M. Thompson, Realtor ®, ABR, CDPE, CIPS, MRP, SRES, TRC
Licensed in South Carolina and Maryland
Falo Portugués/ Hablo Español

RE/MAX Above The Beach
3414 Hwy. 701 S, Conway, SC 2952
(C) 843-999-0173 / (C) 301-758-4617
filomena@filomenasellsthebeach.com / www.filomenathompson.com

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Les & Sarah Oswald 11/21/2016 12:44 AM
Topic:
Home Selling
Tags:
housing
selling your home
selling hourse
winter house sales

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Rainmaker
862,763
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Love the image of the puppies.  Great blog. It is worth a reblog.

Nov 21, 2016 12:41 AM #1
Rainmaker
463,259
Jerry Murphy, CRS, SRES
Long Realty West Valley - Anthem, AZ
Anthem, Phoenix, and Scottsdale AZ Real Estate

First off, those puppies are adorable.  Secondly, move to Phoenix! The weather is beautiful down here during the winter, and prices are still very affordable compared to other parts of the country.  Best wishes to you Filomena.

Nov 21, 2016 12:41 AM #2
Rainmaker
3,568,190
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Filomena, great photo, love that!   It IS a great time to sell with less inventory and true buyers out looking! 

Nov 21, 2016 12:42 AM #3
Rainmaker
2,862,186
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

There are more serious buyers now...Sell, Sell, Sell!

Dec 04, 2016 03:12 AM #4
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Rainmaker
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Filomena M. Thompson

Realtor, ABR, CIPS, MRP, PSA, SRS, SRES
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