5 Reasons to Sell This Spring

Here are five reasons listing your home for sale this spring makes sense.

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the  number of buyers in the market. This is good news for homeowners who have gained equity as their  home values have increased. However, additional inventory could be coming to the market soon.

Historically, the average number of years a homeowner stayed in their home was six, but has  hovered between nine and ten years since 2011. There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom

to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to  market before you decide to sell.     

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd,  including getting pre-approved for their mortgage financing. This makes the entire selling process  much faster and much simpler as buyers know exactly what they can afford before home shopping.  According to Ellie Mae’s latest Origination Insights Report, the average time it took to close a loan was 47 days.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The inventory  of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This  means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 4.3% over the next year according to CoreLogic. 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.

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 answers to the questions above. You have the power to take 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.

That is what is truly important.