What are the possible advantages of selling at thrifty nickel
The advantages of selling a house in the Traverse area...
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The advantages of selling a house in the Traverse area during the fall and winter months and during the holidays … Many sellers feel that spring is the best time for selling a house because buyer demand increases at that time of year. This is true, however, the fall and winter have their own advantages. Here are five reasons to sell your home now: 1. Less Competition Right now inventory IS up in our region. There was an unusually high surge of new listings in Spring 2015. However, they do start to slow down in August. Also, many spring sellers take their houses off the market if they do not sell by the end of summer, which was the case this year due the high number of vacation and second home property owners. The good news is that sales prices are still maintaining and home sales are still up in our area. As the fall moves on and winter nears, the number of new listings will continue to drop. The choices for buyers become more limited. 2. The Process Will be Quicker One of the biggest challenges during the 2013 into 2014 housing market was the length of time from contract to closing due to bank requirements and document processing. It’s not necessarily harder to qualify for a mortgage, it’s just that more verification is now required. Furthermore, with the steady appreciation of home values over the past three years, banks have been inundated with both purchase and refinancing loan requests. Both of these tend to slow in the winter cutting timelines and frustration to both buyers and sellers. 3. NOW is a Good Time to Sell Home price gains have moderated and are expected to only rise slightly or stabilize this year, depending on your location. Therefore, if you are waiting for your home value to increase substantially over the next couple of years, you may be waiting a while. Below is a chart of the Median Sold Price for Grand Traverse County over the past five years. You can see the steady increase but it’s begun to moderate over the past couple several months. Prices are good right now.
Transcript of The advantages of selling a house in the Traverse area...
The advantages of selling a house in the Traverse area during the fall and winter months and during the holidays … Many sellers feel that spring is the best time for selling a house because buyer demand increases at that time of year. This is true, however, the fall and winter have their own advantages. Here are five reasons to sell your home now:
1. Less CompetitionRight now inventory IS up in our region. There was an unusually high surge of new listings in Spring 2015. However, they do start to slow down in August. Also, many spring sellers take their houses off the market if they do not sell by the end of summer, which was the case this year due the high number of vacation and second home property owners. The good news is that sales prices are still maintaining and home sales are still up in our area. As the fall moves on and winter nears, the number of new listings will continue to drop. The choices for buyers become more limited.
2. The Process Will be QuickerOne of the biggest challenges during the 2013 into 2014 housing market was the length of time from contract to closing due to bank requirements and document processing. It’s not necessarily harder to qualify for a mortgage, it’s just that more verification is now required. Furthermore, with the steady appreciation of home values over the past three years, banks have been inundated with both purchase and refinancing loan requests. Both of these tend to slow in the winter cutting timelines and frustration to both buyers and sellers.
3. NOW is a Good Time to SellHome price gains have moderated and are expected to only rise slightly or stabilize this year, depending on your location. Therefore, if you are waiting for your home value to increase substantially over the next couple of years, you may be waiting a while. Below is a chart of the Median Sold Price for Grand Traverse County over the past five years. You can see the steady increase but it’s begun to moderate over the past couple several months. Prices are good right now.
4. It’s a Good Time to BuyInterest rates are still historically low compared to years past. This is good for buyers today and it’s good for buying your next home. It is predicted that they will rise by 2016, however all interest rate forecasts should be taken cautiously. They are among the most difficult economic variables to predict. What we do know is that they are still good NOW.
5. Get a Free Home Staging Consultation
If you list your home for sale with me, Kelley Simonis, I am offering a free home staging consultation with local home staging and design professional, Gretchen Knoblock of New Leaf Interiors.
Get a Free Market Snapshot of Your Neighborhood Find out what homes are selling for in YOUR neighborhood. The value of your home comes down to recent home sales in your neighborhood. Before you consider selling your home, find out the value of your home by requesting a free Market Snapshot. The report includes recent home sales, new homes on the market, number of days they were on the market and more.
