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Below are 5 compelling reasons listing your home for sale this fall makes sense.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that
buyer demand remains strong throughout the vast majority of the country. These buyers
are ready, willing, and able to purchase…and are in the market right now. More often than
not, in many areas of the country, multiple buyers are competing with each other to buy the
same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This
means that, in the majority of the country, there are not enough homes for sale to satisfy the
number of buyers in the market.
Historically, a homeowner would stay an average of six years in his or her home. Since 2011,
that number has hovered between nine and ten years. There is a pent-up desire for many
homeowners to move as they were unable to sell over the last few years due to a negative
equity situation. As home values continue to appreciate, more and more homeowners will be
given the freedom to move.
Many homeowners were reluctant to list their homes over the last couple of years, for fear
that they would not find a home to move in to. That is all changing now as more homes come
to market at the higher end. The choices buyers have will continue to increase. Don’t wait until
additional inventory comes to market before you decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the
crowd, including getting pre-approved for their mortgage financing. This makes the entire
selling process much faster and much simpler as buyers know exactly what they can afford
before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time
needed to close a loan is 43 days.
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up. There
is currently ample inventory for sale at higher price ranges. This means if you're planning on
selling a starter or trade-up home and moving into your dream home, you’ll be able to do that
in the luxury or premium market.
According to CoreLogic, prices are projected to appreciate by 5.2% over the next year. 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.
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
having the freedom to go on with your life the way you think you should?
Only you know the answers to these questions. 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
Roby Robertson- Ask Me About New NAR ruling and negotiating commissions!
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