There are still many sellers who are thinking twice before putting their home up for sale, they keep wondering where prices and interest are headed. These are legitimate concerns. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.
1. Demand Is About To Go Through The Roof
Most people realize that the housing market is hottest from April through June. Most of the serious buyers know this, and will try to beat the summer rush of buyers by buying late spring. We also have those who put off their move due to the extreme winter weather up North. That being said, with rising temperatures we will see a dramatic increase of purchasers who will finally make the move.
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. Many 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! Call Craig Adelman now at 303.809.8979.
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. Call Craig Adelman now at 303.809.8979 to discuss your options.
Moving up to a new home will be less expensive this spring than later this year or next year.