Four Reasons To Sell Your Home Now

Four Reasons To Sell Your Home Now

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 seller.

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 high.


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



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Phone: 972-841-2324
Dated: May 5th 2014
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About Mark: An accomplished Realtor, small business owner, and Ironman triathlete, Mark excels in delivering a h...

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