Here are five reasons listing your home to sell this summer makes sense.
1. Strong Demand
The current Buyer Traffic Report from the National Association of Realtors (NAR) says that buyer demand is very strong throughout the large majority of the country. Buyers are ready, willing and able to purchase… they are in the market right now! We have seen multiple buyers competing with each other to buy a home.
Take advantage of the buyer activity currently in the market to sell this summer.
2. Less Competition Now
Housing inventory is now at a 4.2-month supply, which is under the 6-months needed for a normal housing market. Which means the majority of the country doesn’t have enough homes for sale to satisfy the number of buyers in that market. This is great news for home prices. However, additional inventory could be coming to the market soon.
There is a huge desire for many homeowners to put their house back on the market because they were unable to sell over the last few years, this was a negative equity situation. Now they are seeing a return to positive equity as real estate values have increased over the last several years. Many of these homes will be coming on the market to sell this summer.
Also, builder’s confidence in this market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will jump up this summer. The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.
3. A Quicker Process
Fannie Mae anticipates an acceleration in home sales that is going to surpass 2007’s pace. As the market continues to strengthen, banks will be bumbarded with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s recent Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January.
4. There Could Never Be A Better Time To Move Up
If you want to move up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.9% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it may end up costing you more in raw dollars (both in down payment and mortgage payment) if you decide to wait.
You can also lock in your 30-year housing expense with an interest rate around 4% right now. Rates are projected to increase in the next 12 months.
5. Move On With Your Life
Look at the reason you decided to sell in the first place, then determine whether it is worth waiting. Is money more important than being with family, than your health, or even for having the freedom to go on with your life the way you think you should?
Only you know what the answers to the above questions are. 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 and sell this summer.
That is what is truly important.
Realty Solutions Group was built around a simple but elusive concept: provide brokers and clients with the highest level of service in the industry through cutting-edge sales, marketing programs and a culture that values innovation, relationships and a strong local focus.
In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.
As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.
We are a full service brokerage with discounted commissions. We offer no long term listing contracts, a Performance Guarantee, Smart Seller Program and a Communication Guarantee. Contact us today and let us provide you with the very best real estate experience.