Wednesday, October 1, 2014
Selling your home NOW or in the winter?
After 24 years in the mortgage business, I love WINTER and the brisk real estate business of buying and selling that it creates. Fall and winter brings excellent opportunities to negotiate a sale of your home and relocate to a new home that will meet your new home needs (upsizing or downsizing), put you closer to family, or advance your career with a job opportunity that is suddenly on your radar.
Winter is NOT a season to be afraid of if you are wanting to sell your home! The latest foot traffic numbers provided by the National Association of Realtors shows that there are more buyer's looking at homes than in any other time in the past 12 months (MORE than in the Spring, 2014!).
Nationally, the housing supply is under the historical number of 6 months of supply and with more sellers reaching a positive equity position (19% of home value appreciation projected from now to 2018), more homes will be entering the market beginning in 6 months from now! BEAT your competition and list your home now!
In the National Association of Realtors latest poll, 59% of buyer's would prefer (or had no preference when compared to purchasing a new home) purchasing an existing home! Demand is in favor of an existing home selling in our present market!
I'm excited for this time of year (and this year specifically) because, as the temperatures begin to drop, demand will be heating up!
To begin the home listing process contact your favorite Realtor, and if you don't have one, call me and I'll refer you to someone who I know will take perfect care of your real estate questions and needs!