5 Reasons to Sell This Summer - www.BuckheadAtlantaRealty.com

5 Reasons to Sell This Summer

www.BuckheadAtlantaRealty.com borrowed this information from www.KeepingCurrentMatters.com

As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons supporting that:

1. Demand Is Strong -
The latest foot traffic numbers show there are significantly more prospective purchasers currently looking at homes than last year! These buyers are ready, willing and able to purchase...ad are in the market right now. (Note: Foot traffic refers to the number of people out actually presently looking at homes.)

Take advantage of buyer activity currently on the market.

2. There is Less Competition Now -
Housing supply is still under the 6 month's supply that is needed for a normal housing market. This means, in most area, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is pent-up desire for many homeowners to move as they were unable to sell over the last few years because of the negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.

Also, new construction of single-family homes is again beginning to increase. A study by Harris Pol revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choice buyers will have will continue to increase. Don't wait until all this other inventory of homes comes to market before you sell.

3. The Process Will be Quicker -
One of the biggest challenges of the housing market in recent times has been the length of time it takes from a contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler.

4. There Will Never Be a Better Time to Move-Up -
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19.4% from now to 2019. 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 an interest rate near 4% right now. Rates are projected to increase by about three quarters of a percent over the next year.

5. It's Time to Move On with Your Life -
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answer to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.