3 Reasons It’s a Great Time To Sell
I read a great article from Steve Harney with the KCM Crew that does a great job explaining why it is beneficial to list your home for sale, especially if it’s something you’ve been considering.
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.
The Atlanta area is a great attraction with the number of corporations and small businesses that are headquartered in the metro area.
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{2b7dd99b990fc6360d9ec2a3a498f57aebb195a07273f4ef8a1378280f69b2b2} this year and 8{2b7dd99b990fc6360d9ec2a3a498f57aebb195a07273f4ef8a1378280f69b2b2} 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{2b7dd99b990fc6360d9ec2a3a498f57aebb195a07273f4ef8a1378280f69b2b2} right now. Freddie Mac projects rates to be 5.1{2b7dd99b990fc6360d9ec2a3a498f57aebb195a07273f4ef8a1378280f69b2b2} by this time next year and 5.7{2b7dd99b990fc6360d9ec2a3a498f57aebb195a07273f4ef8a1378280f69b2b2} 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.
Contact Southside Realtors if you’d like to get a current market analysis of your property.
From: The KCM blog