No Matter Which Groundhog You Listen To, Spring Closer Than We Think!

groundhog

No Matter Which Groundhog You Listen To, You Should Sell Before Spring!

Is spring closer than we think? Depending on which Groundhog you witnessed,  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 four 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 356bbe5looking at homes right now. The latest foot traffic numbers show that buyers are still out in force looking for their dream home. These buyers are ready, willing and able to buy…and are in the market right now!

Take advantage of the strong buyer activity currently in the market. 

2. There Is Less Competition Now

Housing supply just dropped to 3.9 months, which is well under market_stats_image_400the 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 three 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 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 content_pic_calculatorlength 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 5.4% over the next 12 months according to CoreLogic. If you are moving to a

White clock with words Time to Sell on its face

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 rise by three-quarters of a percent by the end of 2016.

5. It’s Time to Move On with Your Life

Happy Family Hugging Each Other

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.

this is home

 The KCM Crew

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About Coldwell Banker Advantage

This is Where Home Begins…No place has a better story than home. It begins with the first turn of the doorknob, but stays with us long after we’ve moved on and locked the door behind us. Perhaps you desire to buy, sell or relocate to Michigan’s Great Southwest, our Award Winning Brokerage Firm and Professionally Trained Agent’s are dedicated to being your trusted source of innovative solutions in today’s ever changing and challenging real estate marketplace. Our team is dedicated to creating exceptional services and experiences to all that we serve. So, whether you’re just starting your home buying search, or are ready to move to your next, contact us today and Discover Your Coldwell Banker Real Estate Advantage.
This entry was posted in CNet, Coldwell Banker, Coldwell Banker Advantage, Condos, Fall Home Improvement, Home Buyer, Home for the Holidays, Home Improvement, Home Sellers, Real Estate, Real Estate Agents, Relocation, Residential Real Estate, Sell, Smart Home Technology, Smart Homes, Southwest Michigan, Spring, Technology in Homes, Uncategorized, Valentines, Where Home Begins. Bookmark the permalink.

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