Are you pondering the idea of selling your home? If you’re one of these potential sellers, here are five important reasons to do it now versus the dead of winter…….such that it is here in the desert.
1.) Demand is Strong – we’ve had a very strong summer selling season. Buyer’s that visit the desert during the summer months are on a mission to buy now so they’re in and settled for season, they’re a more serious buyer and typically drive in for the weekend from the surrounding communities such as LA, San Diego & Orange Counties.
2.) There’s Less Competition Now Housing supplies are still low, many cities are reporting less than a 4 month supply. This is good news for home prices and selling your home, however, additional inventory is about to come to market. There’s pent up desire for many homeowners to move up or even downsize as they were unable to sell over the last few years because of a negative equity situation.
3.) The Process will be Quicker One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more & more documentation from buyers before approving a mortgage. Any delay in the process is always prolonged during the holiday season. Getting your house sold and closed before those delays begin will lend itself to a smooth transaction.
4.) No Better Time Than Now to Move Up If you’re moving up to a larger or higher priced home, it will wind up costing you more, both in down payment and mortgage payment if you wait. You can also lock in your 30 year housing expense with an interest rate in the low 4% range right now. Rates are projected to be over 5% this time next year.
5.) It’s Time to Move On Look at the reason you decided to sell in the first place and determine whether it’s worth waiting. Is money more important than living the lifestyle you’ve been wanting? You have the power to take control of the situation by putting your home on the market. Perhaps, the time has come for you & your family to move on and start living your best lifestyle.