Five Great Reasons to Sell this Spring

Real Estate

Five Great Reasons to think about Selling this Spring

 

1. Demand Is Strong

The latest Buyer Traffic Index 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! It is not unusual to have more than one offer on a 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. 

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire 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 are granted the freedom to move.

Many homeowners were reluctant to list their home 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 to decide to sell.

 

3. The Process Will Be Quicker

Buyer's know exactly what they can afford before shopping.  Today's competitive environment has forced buyers to do all they can to stand out from the crowd, including pre-appoved for mortgages.  The average time to close a loan has dropped to 47 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! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it 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

Don't forget why you decided to sell.  Decide if it is worth waiting.  Is it now time to spend move closer to family or perhaps downsize because you don't need those extra bedrooms.  Give yourself the freedom you have been waiting for. 

If not now ... when?  Give yourself permission to move on with your life.