Why Now Is The Best Time To List Your Property | ||
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Inventory
In the spring, how many other sellers will end up using the same strategy? They may have been waiting a year or so until the market got better, or just figured it was the best time to list their property. So come April,May and June there will be that much more competition to potentially compete with. By listing now, you avoid all that potential competition.
Motivated buyers
Often, many buyers will just wait until spring to start their search. They will just be starting the process. Believe me - the buyers who are house hunting during the holidays and in the winter are serious and motivated. By listing now, you'll potentially get one of these buyers to write a deal on your property.
Mortgage rates
The mortgage rates right now are at thirty-year lows. The average 30-year mortgage is in the four to five-percent range. This is actually causing an uptick in buyer traffic and activity. I think April, May and June will end up being busier months than July through October 2010 which is an anomaly. By listing now, you'll catch this wave of buyers shopping for houses since mortgage rates are so low.
Buyer confidence
Buyer confidence is starting to shift, which is also increasing buyer traffic. By listing now, you're taking advantage of this trend of increased buyer traffic.
Accomplish your goals now
When it's all said and done, wouldn't you rather have your house sold sooner rather than later, and move on with your life rather than just listing your house then? I love it when we accomplish our goals ahead of schedule - it's a great feeling. By listing now, you're positioning yourself to accomplish your goals.
Reverse fear
And there is always a risk that the housing market could deteriorate more instead of picking up by mid-2010. In addition, the reality of the market getting that much better in a short period of time is remote. I doubt that waiting until summer will yield a sales price that could be higher by 10 percent. In fact, it could even be a little worse if you think the economy is going to deteriorate as the unemployment rate continues to skyrocket. By listing now, you avoid that extra layer of uncertainty.
When you are ready to sell your home, give us a call or send us an email. We are ready to help.
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