It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy this year.
The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year?The National Association of Realtors (NAR)recently revealed which months most people listed their home in for 2015.
Last year, the number of homes available for sale in January was 1,860,000.
That number spiked to 2,280,000 by May!
What does this mean to you?
With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring. They are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.
It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.
Interest rates are rising and the chance to maximize your profits along with getting a low interest rate are dwindling. Let 2016 be the year you cash in your homes equity and upgrade to a newer, nicer, home with a lower mortgage payment!
I am an experienced DFW Realtor and have sold homes ranging from $80,000 to $1.25 Million. My expertise is in the supposed "unsellable" and the highly sought after with a 100% list to close ratio. If you are thinking of selling your home now or in the spring/summer give me a call and we can set up an appointment to accurately assess your homes value. Find out how I'm different 972-838-6985
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Author:Missie Craig Phone: 972-838-6985 Dated: January 29th 2016 Views: 889 About Missie: Specializing in North Texas Residential Real Estate! Whether buying or selling, I will be your great...
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.
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