Temps are rising, and the amount of buyers out and about are too! Summertime is a great time to list your home for sale and here is why!!
1. Demand is HIGH
The National Association of Realtors most recent Buyer Traffic Report shows that buyer demand is very strong through most of the country. These buyers are ready, willing and able to purchase a home right now!
Take advantage of all these buyers currently in the market and sell.
2. There Is Less Competition Now
According to the Existing Home Sales Report, we are still under a 6 month supply of homes for sale.
So what does that mean for you? There are not enough homes for sale to satisfy the number of buyers in that market. In turn, home prices are on the rise as the demand for homes is up. All good news if you are planning on selling your home. Act fast however. as more home inventory is about to hit the market.
There is a desire for many homeowners to move, as they were unable to sell over the last few years because they were not able to sell the home for as much as they currently own on the home. Homeowners are now seeing a return to having a positive equity as home values have increased over the last two years. In turn you will see many of these homes coming to the market this summer.
Builders are beginning to have confidence in the market again, so new builds are also projected to rise in the next 2 years, and reaching historic levels in 2017.
As more homes come on the market, you might lose out on this perfect window to sell! Don’t wait!!!
3. Faster Process
Fannie Mae just announced they anticipate a rise in home sales that will surpass 2007’s pace by late summer. As this market heats up, banks will be bogged down with loan inquiries which will cause closing-time lines to be longer. Selling now will save you the headache!
4. Moving on up
If you are wanting to move up to a larger, more expensive home, now is the time! Home prices are projected to increase by 5.3% over the next year, according to CoreLogic. If you are moving to a higher-priced home,if you wait it will cost you more…(both in down payment and mortgage payment)
Also you can capitalize on these great mortgage rates and lock-in your 30-year housing expense with an interest rate below 4% right now. Rates are projected to rise by almost a full percentage point in the next 12 months.
5. It’s Time to Move On with Your Life
Why are you wanting to sell..is it 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.
That is what is truly important.
6. You have your NEIGHBORHOOD EXPERT ready to walk you through the process seamlessly!
If you are holding back because of the stress involved with moving.. all the paperwork, and elbow grease involved..don’t hold back any longer. I have been in the business for over 20 years and can give you the seamless move that you deserve!! Don’t hesitate to call me with any questions you might have!
The Lyon Group