Blog

Thinking of Selling Your House? 5 Reasons to Do it Now


hand showing fiveMany now realize that it is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a perfect time to put your house on the market.

1.) Demand Is High

The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed a 17.2 percent increase in sales over July 2012; sales have remained above year-ago levels for 25 months. There are buyers out there right now and they are serious about purchasing.

2.) Supply Is Beginning to Increase

Total housing inventory last month rose 5.6% to 2.28 million homes for sale. This represents a 5.1-month supply at the current sales pace, compared with 4.3 months in January. Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity in the last 12 months and an additional 1.9 million are expected to enter positive equity in the next 12 months. Selling now while demand is high and before supply increases may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

4.) Interest Rates Are Rising

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have shot up to 4.57% which represents a jump of more than a full point since the beginning of the year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will continue to climb.

Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5.) It’s Time to Move On with Your Life

Look at the reason you are thinking about selling and decide whether it is worth waiting. Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked. You have the power to take back control of your situation by putting the house on the market today. The time may have come for you and your family to move on and start living the life you desire. That is what is truly important.

Move Up Sellers Ad1

Share
Print This Post   Print

About The KCM Crew

We at The KCM Crew are pursuing our mission to provide real estate professionals with the tools and information they need to guarantee success in any real estate market. With strong visual aids and expert analysis, we empower real estate professionals across the country to stand out as experts in their marketplace. Take a 14-Day Free Trial of our monthly membership to see how we can help you!

2 Responses to “Thinking of Selling Your House? 5 Reasons to Do it Now”

  1. Lanie October 7, 2013 at 12:16 am # Reply

    Such a great and informative post. This is really helpful for people who wants to sell their homes. Thanks for this and keep posting.

  2. hanerry December 5, 2013 at 3:36 am # Reply

    If you are thinking of selling your house, then there are various things which you must look. All reason is absolutely correct. You have to wait for a perfect time to sell then only your house sell in a very reasonable way. Only the perfect time gives you all advantages which you want. First, of all look at your reason and compared that to market demand. Then, only you will get the advantages. After deciding that, select the best agent or you can say that a best site to sell your home. You can take help online as well for this and for any experienced person.

Leave a Reply