5 Reasons to Sell NOW
Many sellers feel that the Spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the Fall and Winter have their own advantages. Here are five reasons to to sell now.
Only Serious Buyers Are Out
At
this time of year, only those purchasers who are serious about buying a
home will be in the marketplace. You and your family will not
be bothered and inconvenienced by mere ‘lookers’. The lookers are at
the mall or online doing their holiday shopping.
There Is Far Less Competition
Housing
supply always shrinks dramatically at this time of year. This year will
be a little different as some of the distressed properties
being liquidated by the banks (in the form of foreclosures & short
sales) will enter the market. However, for those buyers looking for a
non-distressed property, the choices will be limited. Don’t wait until
the spring when all the other potential sellers
in your market will put their homes up for sale.
The Process Will Be Quicker
One
of the biggest challenges of the 2012 housing market has been the
length of time it takes from contract to closing. Banks have been
inundated with both purchase and refinancing loan requests. Both of
these will slow in the winter cutting timelines and the frustration
these delays cause both buyers and sellers.
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 over 15% from now to
2016. 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. You can also lock-in your 30 year housing expense
with historically low interest rates right now. There
is no guarantee rates will remain at these levels in years to come.
It’s Time to Move On with Your Life
Look
at the reason you decided to sell in the first place and decide 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?
You
already know the answers to the questions we just asked. You have the
power to take back control of the situation by pricing your home
to guarantee it sells. 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.
