Deprecated: Optional parameter $post_types declared before required parameter $location is implicitly treated as a required parameter in /home/bigforkm/shortsalesellit.com/wp-content/plugins/monarch/monarch.php on line 3783
5 Reasons Listing Your Home For Sale This Summer Makes Sense | Kris and Kimberly Darney

5 Reasons Listing Your Home For Sale This Summer Makes Sense

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. Buyers are ready, willing and able to purchase. They’re in the market right now! More often than not, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market.

2. Less Competition Now

Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. Meaning, in the majority of the country, 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 could be coming to the market soon.

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 summer.

Also, builder’s confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will ramp up this summer. The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

5 Reasons Listing Your Home For Sale This Summer Makes Sense

3. Process Will Be Quicker

Fannie Mae anticipates an acceleration in home sales that will surpass 2007’s pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January.

4. 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 4.9% over the next year, according to CoreLogic. 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 an interest rate around 4% right now. Rates are projected to increase in the next 12 months.

5 Reasons Listing Your Home For Sale This Summer Makes Sense

5. 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. Ask this question…Is money more important than:

  1. being with family?
  2. your health?
  3. 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.

That is what is truly important.

Call Us Now To Sell Your Home…

Office: 909.985.9392 or Text Us: 714.657.6634

[gravityform id=”15″ title=”true” description=”true”]

Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634 – CA BRE# 01930954; 01464957; 01458057

Are You 1 of the 59 Million Planning to Buy This Year?

Are You 1 of the 59 Million Planning to Buy This Year? According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. As a result, if this statistic proves to be true, 59 million people will be looking to buy a home in...

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

92506 Real Estate Sales Year In Review Canyon Crest California

92506 Real Estate Sales Year In Review Canyon Crest California

It’s that time of year when we review the 2016 real estate market in Riverside Canyon Crest California, specifically the 92506 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

91784 A Real Estate Sales Year In Review for Upland California

91784 A Real Estate Sales Year In Review for Upland California

It’s that time of year when we review the 2016 real estate market in Upland California, specifically the 91784 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

Pin It on Pinterest

Shares
Share This