Are you wondering when would be a good time to get the top value for your home? Below is 5 reasons why you should list your home in today's market.
#1 The Demand is High
Homes are selling at a pace that we have not seen since 2007. It has been shown by the NAR (National Association of Realtors), that annual sales in 2012 increased 9.2% since 2011. The buyers that are out right now are serious about purchasing.
#2 Supply is Low
The supply of houses that are for sale right now is at its lowest point in the last 5 months. Inventory generally increases dramatically in spring. Selling now when the demand is high and the supply is low may benefit you.
#3 Construction is Back
As the market is recovering, more and more builders are finding themselves back on the rise. These "newer" homes are competing with your home and may be more attractive to buyers.
#4 Interest Rates are Going to Rise
The Bankers Association has estimated that interest rates will be going up approximately one full point in the next couple of months. Whether you are moving up or down, your housing expenses will be more in a year if a mortgage is necessary to purchase your home.
#5 Shorter Timelines
Because the market is rising, but not yet at it's peak, there are not as many buyers currently. Therefore, the wait time on inspections, appraisals, etc will be quicker and will help to make the transaction go quicker and smoother.
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