Inventory is low and demand is strong! The market is full of buyers who are ready, willing, and able to purchase. Take advantage of the buyer activity in this seller's market!
2. Home Prices are Up!
Check out this graphic from "Keeping Current Matters" on 24 April 2015.
With the demand high, prices are going up! Many houses are bringing in multiple offers which results in you getting the best possible price for your home.
3. All Time Low Interest Rates!
If you are one of the many homeowners out there who are debating putting their home on the market in 2015, don’t miss out on the opportunity that currently exists. If you sell now, you take advantage of financing a new home with very low interest rates.
4. Less Competition!
Low inventory = less competition. Housing supply just dropped to 4.6 months, which is under the 6 months’ supply that is needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.
Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).
The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.
5. There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19.3% from now to 2019. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30-year housing expense with an interest rate under 4% right now. Rates are projected to increase by about three quarters of a percent by the end of 2015.
It is a great time to sell. But don't underestimate the role a real estate professional can play in the process. Gwen Wood has a proven marketing system that can sell your home for the best possible price! See why homeowners are choosing Gwen Wood when it comes to selling their home. Call Gwen at 972-824-6466.