In my opinion, the current market conditions in North Texas are as ideal for sellers as I’ve ever seen
them. The chronic lack of inventory over the past 18 months and the
steady increase in home values makes this a perfect seller’s market, and
there is no guarantee that waiting a little longer to sell will
guarantee a stronger bargaining position than you have right now as a
In fact, there are some distinct disadvantages in waiting to sell
your home.I’ve put together a list of the top four reasons why it makes
sense to sell your home now as opposed to later:
Reason #1- Interest Rates are on the Rise We have
enjoyed record low interest rates on mortgages over the last several
years. This was primarily an effort to jump start the housing market.
The lower interest rates made it easier for folks to afford to buy
homes, and this has allowed the housing market to begin the slow process
of healing. However, the past sixth months have seen interest rates
gradually begin to increase. These rates are projected to continue to go
up steadily over the next year and beyond.
Reason #2- Payroll Taxes Affect Future Sales The
payroll tax that provides funding to Social Security was reinstated to
its 2010 high of 6.2% in the beginning of 2013, and people are starting
to feel the pinch. The effect of this payroll tax increase will become
more pronounced over time, so people may not be willing to pay as much
for your home a few months down the road as they are right now.
Reason #3- Simple Supply and Demand Inventory has been chronically
low for the past 18 months, and homes are selling more quickly right now
than they have at any time in the past five years. The housing recovery
has spawned a lot of new potential buyers who are actively looking for
homes in North Dallas, Richardson, Plano, Frisco, Allen, Garland, and Rowlett. A lot of neighborhoods I’ve looked
at recently have had zero inventory. It’s hard to imagine a more
favorable selling situation that the one that exists right now.
Homes that are "show ready" and priced appropriately sell in just a few days.
Reason #4- Low Interest Means Buying Power With
interest rates slowly rising, the big buying power that the current low
rates give buyers is going to lessen in the next year. Buyers are aware
of this and are looking to buy now while their buying power is still
For a free, no obligation, evaluation of your homes market value, please call or email Mark Mulch at 972-841-2324 or MarkSellsTexas@gmail.com. Start the search for your next home at www.MarkSellsTexas.com
Author:Mark Mulch Phone: 972-841-2324 Dated: May 5th 2014 Views: 1,455 About Mark: An accomplished Realtor, small business owner, and Ironman triathlete, Mark excels in delivering a h...
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: firstname.lastname@example.org
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice
Understanding Third-Party Closing CostsWhen closing on a mortgage you
"Holly was the most amazing agent to work with. (A "galaxy" rating over five stars ***** seems more appropriate in her case). Initially, we were checking out "for sale by owner" properties which is OK for some, but so happy in retrospect that we found someone who was totally committed to helping us find just the right home and to avoid the many pitfalls in the buying process. Holly and her preferred lender deserve the "Dream Team" moniker, hands down. We genuinely felt that Holly gave us the same care and attention in the purchase of our little 3/2 bungalow as if we had been purchasing a multi-million dollar mansion! A+++ experience! "