With school back in session and the holidays right around the corner many think that now is not the best time to sell. We are here to show you that now might actually be a perfect time to put your home on the market. Inventory is below historic numbers and buyer demand is still strong, which means waiting until next spring to list your home could mean you’re missing out on a great opportunity. We’ve listed five good reasons to consider selling your home this fall:
1. Demand Is Strong
According to the latest Realtors’ Confidence Index from the National Association of Realtors the 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 the National Association of Realtor’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 at 4.7 homes. This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in the market. With so few homes available, sales prices are up – another plus for sellers.
Take advantage of less competition and higher sales prices!
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to get pre-approved before looking at homes. This makes the entire selling process much faster and simpler as buyers know what price point to look at.
Fannie Mae also 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-time lines to lengthen. Selling now will make the process quicker & simpler.
Quicker selling process means faster selling of your home!
4. There Will Never Be a Better Time to Move Up
If you’re looking to move up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5% over the next year, according to CoreLogic. Higher priced homes will wind up costing you more in raw dollars between both the down payment and mortgage payment if you wait.
According to Freddie Mac’s latest report effective September 15th, 2017, you can lock your 30 year housing expense with an interest rate around 3.875%. 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.
Lower interest rate will drive buyers to buy now!
5. It’s Time to Move On with Your Life
Look back at the reason you decide to sell in the first place and determine whether it is worth waiting. Is money more important than your health? 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 the questions above. You have the power to take control of the situation by putting your home on he market. Perhaps the time has come for you and your family to move on ad start living the life you desire.
This is what is truly important!