5 Reasons to Sell This Winter
Here are five reasons listing your home for sale this winter makes sense.
1. Demand IS Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains to stay consistent and strong throughout the majority of the country. Most of the buyers are readily able to purchase and are look right now! 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 that is needed to maintain a normal housing market. This means that there are not enough homes for sale to satisfy the number of buyers in the market.
In the past, the average number of years a homeowner stayed in their home was six, but has increased to between nine and ten years since 2011. 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. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
The choices buyers have will continue to increase. Don’t wait until this other 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 starting their home buying search.
4. There Will Never Be a Better Time to Move Up
The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, AND you’ll be able to find a premium home to call your own!
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.
Source: Keeping Current Matters