SELLING A HOUSE?
5 REASONS YOU SHOULD DO IT NOW
Many are talking about why now is a great lime to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are Ute Top 5 Reasons we believe now may be a perfect lime to put your house on the market.
1. DEMAND IS HIGH:
Homes are selling at the fastest pace since November 2009 when the market spiked in response to the home buyer tax credit. The most recent Existing Home Sales Rep<Ht by the National Association of Realtors® (NAR) showed that monthly sales increased 9.7% over the same month la~t year.
2. SUPPLY IS BEGINNING TO INCREASE:
Total housing inventory last month rose 11.9% to 2.16 million homes for sale. This represents a 5.2-month supply at the current sales pace, compared with 4.3 months in January.
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.
4. INTEREST RATES ARE RISING:
Interest rates for a 30-year mortgage have risen and may continue to rise.
5. IT’.S TIME TO
Look at the reason you are thinking about selling and decide whether waiting is your best option. Is it worth it to wait? 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?