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3 Reasons to Sell Your Home this Spring

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4.8 VisualMany sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.

1. Demand is about to skyrocket

Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.

These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition - For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.

The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. 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 approximately 4% this year and 8% by the end of 2015. 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 at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.

Moving up to a new home will be less expensive this spring than later this year or next year.

If you are a real estate professional and want great information on where prices and interest rates are headed over the next 18 months, we cover both in the March edition of Keeping Current Matters. If you are already one of our 6,000+ members, login in to get the educational resources you need to intelligently discuss the future of values and interest rates with your clients.

If you are not yet a member, sign-up for a no risk, 14 Day Free Trial to experience what KCM is all about.

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3 Responses to “3 Reasons to Sell Your Home this Spring”

  1. Glen Hagen April 8, 2014 at 10:23 pm # Reply

    The subscription to Keeping Current Matters should be the first expenditure a Real Estate agent should make after purchasing business cards… Totally, the best bang for the buck!

  2. Lance April 8, 2014 at 11:19 pm # Reply

    Agreed! The market here in North Texas is moving quickly. Especially if a home is professionally staged and photographed, it tends to move right away, with multiple offers, over list price.

    What I just don’t get though, is a lot of articles relating to real estate suggest to sell now, or now is the right time to sell. I always wonder… how many sellers actually have that luxury, of being able to just get up and leave because the market is hot? I find it’s usually a big deal to get up and move, so it makes me question the constant articles of the industry suggesting homeowners should list their home right now.

    • Steve Harney April 8, 2014 at 11:55 pm # Reply

      Lance –

      Great point. We agree that anyone who is not ready to sell should not all of a sudden list their home because the market is hot.

      However, we do believe that there are many sellers that are ready and able to sell but are concerned about a housing market that has been very volatile over the last several years. That concern has paralyzed some. We are just suggesting that, IF THEY ARE READY, now is the time.

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