3 Reasons To Sell Your Home Now

Dated: 03/31/2018

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3 reasons to sell your home NOW!  

I have a friend in another state who wants to sell her home. And, whether a blessing or a curse, she has the luxury of taking her time.  

In other words, she doesn’t need to relocate for a new job, she’s not getting a divorce and she’s not in escrow on another home.  

So, suffering from “analysis paralysis,” she drags her feet.  She also burns up her cellphone calling me for news on what the market is doing.  

She’s waiting for that perfect time. You know the one—when home prices are the highest they’ll get.  

Sound familiar?  If so, keep in mind these famous words from a not-so-famous real estate agent (me):  “Trying to time the real estate market is crazy.  ”By the time you learn that home prices have maxed out, it will be too late – they’ll be on the downhill slide.  

But, if you insist on trying to time the sale of your home to the optimal time, here’s more advice – this time it comes from just about every real estate agent with a heartbeat:  “Now is the best time to sell your home!  

”Yeah, I cringe when I read that too.  But, right now, the advice actually has merit.  And, here are 3 reasons why.  

The inventory of available homes is scary-low.  In fact, one of the major online real estate portals finds that in 2017’s fourth quarter, the nationwide inventory of available homes fell by 10.5 percent, which is the steepest drop in inventory since 2013.  The biggest drop was in starter homes but move-up homes are also experiencing a dearth of listings.

What does this mean for you as a homeowner thinking of selling? 

If the inventory remains suppressed as we head into the spring homebuying season, and demand remains high, you’ll be very happy with your home’s current market value.  

Home prices are high “Listing prices have once again begun their seasonal climb and have quickly reclaimed historical highs,” claims a new report from realtor.com®.  

The data also suggests that homes are selling nearly 10 percent quicker than they did last year at this time, despite the price appreciation.  

The shrinking inventory is expected to continue to drive up prices throughout the spring homebuying season.  

Consider this: list your home soon and you’ll be in the driver’s seat, not only because you’ll get more for your home now than if you wait, but you will also have the luxury of dictating the terms of the purchase agreement.  

Need to wait to close until the purchase of the new home is finalized? You’ll find a buyer willing to accommodate you.  If you wait until the market changes to a buyers’ market (which it can do on a dime), you lose this advantage.  

Interests rates will go up.   If there is anything that acts as an impetus for homebuyers to speed up the home search it’s news that mortgage rates are set to increase.  

A recent study by a large real estate corporation shows that only 6 percent of potential homebuyers will cancel their plans to buy a home if interest rates rise above 5 percent and 21 percent say that the increase would cause them to speed up their plans to purchase.

The more alarming statistic, however, is the 27 percent who say that an increase that high will cause them to slow down their search until rates come back down. 

If you need to sell your home, losing more than a quarter of the buyer pool is bad news. The more buyers that drop out on the demand side of the supply/demand equation, the quicker the market will change.

 And, if you’re planning on buying another home, a rate hike between now and then could put a real pinch in your budget.  

Count on mortgage rates continuing to climb this year.  

“The 30-year rate has been on a tear in 2018, climbing 48 basis points since the start of the year and increasing for eight consecutive weeks,” according to a statement by Len Kiefer, deputy chief economist at Freddie Mac.  

If you are planning on selling your home this year, do it now, before the market turns against you.  We’re happy to offer you a free evaluation of your home’s current market value!

Monica Daye

The Daye Team is dedicated to delivering your dreams when it comes to home buying and selling. Relationships matter to us and we are committed to helping you experience the absolute best property transaction possible. Our expertise in leveraging internet marketing and social media channels means greater exposure for your home which is critical since over 90% of home buyers begin their home search online. Learn more about how you can depend upon us as your REALTORS for life! We provide service throughout Colorado Springs, Monument, Palmer Lake, Larkspur, Black Forest, Manitou Springs, Woodland Park, Peyton, Calhan and the surrounding Pikes Peak area.How The DAYE Team Can Help You! Buying a Home Finding that special property is a great challenge... but even once you do find it, understanding the current market trends, inspecting the property for potential pitfalls and negotiating the best price is an even greater challenge. We are here to help you navigate both the home search and the purchase process to assure you get not only the home of your dreams, but the home of your dreams at the absolute best price.Selling Your Home When it comes to selling your house, sifting through the sales process can be both complicated and time-consuming. How do you best prepare your home for a quick and successful sale? How do you set your sales price to maximize your profit? What marketing techniques are most useful in your neighborhood? How can you most effectively tap into the 90+% of home buyers who begin their home search online? We are here to help guide you through these questions and the countless others that will arise, providing you with an efficient process to help sell your property and maximize your profits and sell your home in a timely manner.Whether you are buying or selling, leave the headaches and hassle to the Daye Team as we help ensure all goes as smoothly as possible. We look forward to learning more about your story and how we can best assist you!

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Monica Daye

Meet Monica Daye The Daye Team is dedicated to delivering your dreams when it comes to home buying and selling. Relationships matter to us and we are committed to helping you experience the absolut....

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