The following is taken from the KCMBlog, the blog of Steve Harney, one of America's foremost real estate experts. I thought it was particularly timely as I am faced with this question daily it seems!
Many sellers feel that the Spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the Fall and Winter have their own advantages. Here are five reasons to to sell now.
Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.
There Is Far Less Competition
Housing supply always shrinks dramatically at this time of year. This year will be a little different as some of the distressed properties being liquidated by the banks (in the form of foreclosures & short sales) will enter the market. However, for those buyers looking for a non-distressed property, the choices will be limited. Don’t wait until the spring when all the other potential sellers in your market will put their homes up for sale.
The Process Will Be Quicker
One of the biggest challenges of the 2012 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.
There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 15% from now to 2016. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.
It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money 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 the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.
Attention local RE brokers... please Join Lisa and me TODAY at 2231 Butner Mill Rd in East Bend for lunch provided by Tropical Smoothie - then for smoothies at 2220 Butner Mill! YUM!
2231 Butner Mill is a stunning estate on 26 acres with FULL inlaw quarters on the lower level ($449,900), and 2220, just across the road, is a wonderful ranch on full basement with fenced back yard ($149,900). Smoothies, wraps, flatbreads... something for everyone's palate AND home needs. We look forward to seeing you there.
For non-agents, never fear -- just contact me directly for a private showing. I'll even bring you a smoothie!
On another note, if you subscribe to my blog, thank you. Feel free to forward, suggest, etc to your friends! The more the merrier :-)
I had a wonderful experience this weekend. 2025 Heidelbury in Winston-Salem has hit the market, and as I put the brochure box in the yard, I grinned... you see, I sold this home to this sweet couple a few years ago. I was also the list agent at the time, so this home has a special place in my heart! When they bought it, they were just starting out and so many things about the home and neighborhood appealed to them. Now, they have 2 children and just need more space. Regardless, I was honored when they contacted me to market it.
It really is a great house at a great price. Click here for a photo tour!