Why should you consider selling your home this summer? Here are four fantastic reasons.
Want to buy a Southwest Ohio Home? Click Here
Want to sell your Southwest Ohio Home? Click Here
Here are four reasons why you should consider selling your home this summer:
1. Demand is strong. The latest buyer traffic report from the National Association of Realtors shows that buyer demand remains very strong throughout the vast majority of the country.
2. There is less competition now. Housing inventory has declined year over year for the last 35 months and is still under the six-month supply needed for a normal, balanced market. Don’t wait until more inventory comes to the market before you decide to sell.
3. The process will be quicker. Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their financing. This makes the entire selling process that much faster, as buyers know exactly how much they can afford before they start shopping.
4. There will never be a better time to move up. If your next move is to a premium or luxury home, now is the time to move up. The inventory of homes for sale at these higher price ranges has forced the luxury segment of the market into a buyer’s market. This means that if you are planning on selling a starter home, it will sell quickly and you will be able to move up to a premium or luxury home. Home prices are expected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will end up costing you more on your down payment and your mortgage payment if you wait.
If you are thinking about selling your home any time in the near future, please feel free to reach out and give us a call or send me an email today. I look forward to hearing from you soon.