The #1 Reason to Sell Now Before Spring
The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
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Take advantage of more inventory coming to market in the Spring to find your dream home!
Going forward…It appears the homeownership rate will continue to increase.
As an owner, your mortgage payment is a form of ‘forced savings,’ which allows you to build equity in your home that you can tap into later in life.
Real Estate might be the safest, steadiest and simplest way yo build wealth in America.
In fact, by the time college grads reach their 30s, those with student loan debt have a homeownership rate nearly identical to those who didn’t take out loans.
The belief among the vast majority of Americans is that purchasing a home still remains a major step toward accomplishing the American Dream.
Not all buyers are looking for a newly built house! There are many buyers looking for “the charm and uniqueness” of an existing home.
Having a professional who’s been there before to guide you through the process is a simple step that will give you a huge advantage!
The cost of purchasing a home today is a bargain compared to previous generations when we look at it from a percentage of income basis.
Pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!