Spring and summer months are known to be great months to sell due to the warm weather and extended daylight; however, homes can sell in any month if they are priced right for the market area and appeal to the right buyer. There are always serious buyers out there, the key is attracting them to your property. Here are 5 good reasons to list your home now:
1. Supply and demand - inventory is shrinking!
The low inventory is pushing prices up, good news for sellers! The fewer homes available, the more valuable they become.
2. Mortgage rates are still low
But for how long? It helps sellers when buyers can afford more home due to low mortgage rates. With cash buyers peaking last year, the market's now at the mercy of mortgage-seeking buyers. Higher rates won't help.
3. Home prices are rising
Mortgage rates may edge up but many sellers have recovered enough equity to be able to afford to sell. Thanks to rising prices, many homeowners whose property was underwater can now sell without suffering a big loss.
4. Unemployment is decreasing and wages are increasing
Consumer confidence is climbing. Increased confidence will spur buyers to jump into the market.
5. Buyer demand is strong
The new year will bring increased economic growth and even higher interest rates. And with consumer confidence at a 15-year high, buying competition is likely to get fierce.
Winter and early spring will likely be much busier than usual. Therefore, sellers could benefit less from timing a spring listing for a summer sale this year. Waiting to list you property can cost you in the long run. If selling is on your mind, Alpine Lakes Real Estate can assist you to weigh in on some of these to points to make the most informed decision. Give us a call today; Campton (603) 726-4580 or Lincoln (603) 745-3601.