You may think now is not the best time to sell your home as school is back in session and the holidays are just around the corner. However, there are 5 reasons why you could be missing out on a great opportunity for your family.
1. Demand Is Strong
The National Association of Realtor's latest Relators' Confidence Index reveals that buyer demand remains very strong throughout most of the country. Now is as good a time as ever to take advantage of the buyer activity in the current Greenwood Real Estate Market.
2. There Is Less Competition
In most areas, there are not enough homes for sale to satisfy the demand of many buyers in the market. However, the buyers will soon have more inventory to choose from as builders are regaining confidence in the market and many buyers who haven't been able to find their dream home within the existing inventory turn to new construction to fulfill their needs. It is in your best interest not to wait until all this new inventory of homes comes to market before you sell.
3. The Process Will Be Quicker
Fannie Mae Announced that home sales are likely to accelerate and surpass 2007's pace. As the market becomes more active, banks will be overwhelmed with loan inquiries, which will cause the lengths of closing-times to grow. Selling now will make the process simpler and quicker than it is expected to be in the near future.
4. There Will Never Be a Better Time to Upgrade
If you are considering purchasing a newer, bigger, more expensive home, now is the ideal time to do so as CoreLogic predicts that prices will appreciate by 5.3% over the next year. Also, according to Freddie Mac, you can lock-in your 30-year housing expense with an interest rate of about 3.46% right now. Interest rates are expected to increase considerably over the next year, which will have a big impact on your housing cost. Acting now to purchase your dream home can save you both in down payment and your mortgage payment.
5. It's Time to Move On
Consider the reasons you decided to sell your home in the first place and decide for yourself if it is worth waiting. Is money more important than time with your family, your health, or the ability to go on with your life the way you think you should? Only you know the answer to that question, and only you have the ability to take control of your situation by putting your home on the market. Perhaps the time has come for your family to start living the life you desire, and that is what is truly important.
If you would like more information, please visit our website or contact us personally at (864)341-774 or lakegreenwoodproperty@gmail.com to discuss your next steps.
