5 Reasons to Sell Now!

As the temperature continues to rise, buyers are coming out ready to purchase their dream home.

Here are five reasons supporting that.

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at homes right now. The

latest foot traffic numbers show that there are significantly more prospective purchasers currently

looking at homes than last year! These buyers are ready, willing and able to purchase… and are in

the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing supply is still under the 6 months' supply that is needed for a normal housing market. This

means, in most 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.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market in recent times has been the length of time

it takes from contract to closing. Banks are requiring more and more paperwork before approving

a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing

timelines to lengthen. Selling now will make the process quicker & simpler.

4. 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 19.4% 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 near 4% right now.

Rates are projected to increase by about three quarters of a percent over the next year.

5. It's Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is 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 back 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.

For the full 22 page "Things to Consider When Selling Your Home (Summer 2015)" email [email protected] /* */ and we will send the entire pdf booklet to you!