4 Reasons to Sell Before Spring
Many homeowners think that spring is the best time to sell since buyer demand increases then and so they wait to put their home on the market. But selling in the winter has it's own advantages and here are just 4 of them:
Serious Buyers Are Looking
At this time of year only those who are serious about buying a home will be out home-shopping. You will not be as inconvenienced by 'lookers.'
There is Much Less Competition
The inventory of homes for sale is typically less at this time of year and so buyers choices will be limited. As the spring market approaches many other potential sellers are putting their home on the market......therefore more competition for you, and more choices for the buyers.
The Process Will Be Quicker
The escrow and closing process at this time of year is usually faster than during the spring market when lenders and appraisers have a heavier work load to process.
This is a Great Time to Move Up
If you are planning to move up to a larger, more expensive home, consider that prices are projected to appreciate by about 25% from now to 2018. Moving up to a higher priced home will cost you more (in down payment, mortgage payment, and interest rate) if you wait. Now is a great time to lock in a 30 year mortgage interest rate at what is still considered historically low rates.
When you are ready to make that move, be sure to call me. I am here to help.
Tony Morganti, CRS, ABR