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Posted: 10 Sep 2013 04:00 AM
PDT
 Many now realize that it is a great time to
buy a home. Today, we want to look at why it might also be an opportune time
to sell your house. Here are the Top 5 Reasons we believe now may be a
perfect time to put your house on the market.
1.) Demand Is High
The most recent Existing Home Sales Report by the National
Association of Realtors (NAR) showed a 17.2 percent increase in sales
over July 2012; sales have remained above year-ago levels for 25 months.
There are buyers out there right now and they are serious about purchasing.
2.) Supply Is
Beginning to Increase
Total housing inventory last
month rose 5.6% to 2.28 million homes for sale. This represents a
5.1-month supply at the current sales pace, compared with 4.3 months in
January. Many expect inventory to continue to rise as 3.2 million homeowners
escaped the shackles of negative equity in the last 12 months and an
additional 1.9 million are expected to enter positive equity in the next 12
months. Selling now while demand is high and before supply increases may
garner you your best price.
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. These
‘shiny’ new homes will again become competition as they are an attractive
alternative for many purchasers.
4.) Interest Rates Are
Rising
According to Freddie Mac’s
Primary Mortgage Market Survey, interest rates for a 30-year mortgage
have shot up to 4.57% which represents a jump of more than a full point since
the beginning of the year. The Mortgage Bankers Association, Fannie
Mae, Freddie Mac and the National Association of Realtors
are in unison projecting that rates will continue to climb.
Whether you are moving up or
moving down, your housing expense will be more a year from now if a mortgage
is necessary to purchase your next home.
5.) It’s Time to Move
On with Your Life
Look at the reason you are
thinking about selling and decide whether it is worth waiting. 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?
You already know the answers to
the questions we just asked. You have the power to take back control of your
situation by putting the house on the market today. The time may have come
for you and your family to move on and start living the life you desire. That
is what is truly important.
Source: KCM BLOG
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Saturday, September 14, 2013
5 Reasons to Sell Now...
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