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No Matter What the Groundhog Says… You Should Sell Before Spring!

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No Matter What The Groundhog Says... You Should Sell Before Spring! | Keeping Current Matters

Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.

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 currently more prospective purchasers looking at homes than at any other time in the last 12 months, which includes last spring’s buyers’ market. 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 just dropped to 4.4 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 recent 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 increase in the spring. 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 has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend itself to a smoother transaction.

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 23.5% 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 below 4% right now. Rates are projected to be a full point higher by the end of 2015.

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.


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We at The KCM Crew believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!

9 Responses to “No Matter What the Groundhog Says… You Should Sell Before Spring!”

  1. bestofphxliving@gmail.com February 2, 2015 at 2:12 pm # Reply

    How do you post to google+? I was able to post to everything else except that button.

    Thank you

    • The KCM Crew February 3, 2015 at 10:36 am # Reply

      We would be happy to help! A member from our support team will reach out to you today.

  2. morganbeals@kw.com February 4, 2015 at 10:54 am # Reply

    how can i see a preview of what my personlaized post looks like?

    • The KCM Crew February 4, 2015 at 5:52 pm # Reply

      You can preview your ‘Personalized Posts’ by clicking the ‘Live Sample’ button at the top of your Personalized Posts profile.

  3. miriamo@cb-hb.com February 4, 2015 at 5:22 pm # Reply

    How can I post this on my own website?

    • The KCM Crew February 4, 2015 at 5:54 pm # Reply

      We have set you a support ticket with or response Miriam

      • miriamo@cb-hb.com February 7, 2015 at 10:45 am # Reply

        Your answer doesn’t make much sense, could you please clarify? I have not received any sort of support ticket.

        • miriamo@cb-hb.com February 7, 2015 at 12:47 pm # Reply

          Also, when the KCM crew answers a post it would be a good idea to have an automated email sent to the one posting. I had to come back and search to see if my question had been answered.

          • The KCM Crew February 9, 2015 at 10:53 am #

            Miriam,

            We had sent you an email on Wednesday, and just sent another with our response.

            We are looking into adding this feature, but it will not be available in the near future. For now, you would need to copy and paste the content, or utilize our RSS feed to post the content to your blog.

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