School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.
Here are some reasons why you should consider selling your house this fall:
- Demand is Strong
Buyer demand remains very strong throughout the Central Arkansas. These buyers are ready, willing and able to purchase… and are in the market right now! List now to advantage of the buyer activity currently in the market.
- There is Less Competition Now
The supply of homes for sale is still under the 6-month supply that is needed for a normal housing market.
This means, especially in Saline County, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this fall.
Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase over the next two years, reaching historic levels by 2021. Last month’s new home sales numbers show that many buyers who have not been able to find their dream home within the existing inventory have turned to new construction to fulfill their needs.
It is important to realize also that buyers that are looking at this time of year are more serious than spring time “Tire-kickers”.
- 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 3-4% over the next year, according my statistics. 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.
- The Process Will Be Quicker
As the market heats up, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler.
- It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine 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?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. Give me a call and let me and my team discuss your best options.
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-Doug Robinson/Baxley-Penfield-Moudy Realtors
“Your Best Friend in Real Estate”
www.SalineCounty.RealEstate
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