At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. They will want to get a 'jump' on the marketplace. You and your family will not be bothered by the casual ‘lookers’. The lookers are at the mall or online doing their holiday shopping. Although every year is different, the inventory is typically tight during those winter and early spring months, meaning…
Housing supply always decreases at this time of year to a trickle. However, for those buyers looking for a non-distressed property, the choices will be limited. If your home is on the market when the inventory is tight, you’re at an advantage. Buyers who are looking during the holidays are often on a deadline. And to top it off, your holiday home staging can be a lot of fun!
With fewer home sales taking place during the winter, the length of time it takes from getting a contract to closing can be shorter. The other benefit of selling a home in the winter months – everyone has time for you. Real estate agents, home improvement contractors, and lenders have more time for buyers, so their process is smoother and so is yours.
If you want to move up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 10 to 12% from now to 2020. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.
Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is waiting for an expectation more important than being with family? Is holding to an earlier plan more important than your health? Is waiting for any preconceived reason more important than having the freedom to go on with your life the way you think you should? If your reasons for selling are compelling, don’t let the common myths and misunderstandings keep you from getting to your goals
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