Are you considering putting your house up for sale?
Wondering where are prices headed?
Where are interest rates headed?
These are all great questions. However, there are several reasons to sell your home sooner rather than later. Here are three reasons.
1. Demand is About to Go Way Up
Most people realize that the housing market is the best from April through June. Serious buyers know this and, for that reason, come out in early spring to get the best houses for the best deals. There is also more demand because many buyers didn't want to get out and look for homes this winter because of the extreme weather. Sellers in markets where seasonal weather is never an issue and realize that buyers relocating to their region will increase dramatically this spring as these buyers finally decide to escape the freezing temperatures of the winters in the north. These buyers are ready, willing and able to buy…and are in the market right now!
2. For Now There is Less Competition
Housing supply always rises from the spring through the early summer. Also, many homeowners want to move as they were not able to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last year and a half. Many of these homes will be on the market in the near future. The choices buyers have will continue to increase over the next few months. It's not a good idea to wait until all the other potential sellers in your market put their homes up for sale.
3. Now is the Best Time to Move
If you are moving up to a larger, more expensive home, consider doing it now. It is predicted that prices to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015. Moving up to a new home will be less expensive this spring than later this year or next year.
If you would like information on your local real estate market, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you.
Lang Premier Properties are Birmingham Realtors specializing in Oakland County Real Estate. Stephanie is an agent with Max Broock in Birmingham, Michigan. See what past clients have to say about Stephanie Lang. Lang Premier Properties looks out for your best interests when you purchase a new custom luxury home. We always recommend working with an experienced luxury real estate agent when buying a new luxury estate. you would like information on homes for sale, or are first time home buyer not working with a Realtor and would like to schedule a consultation with a qualified Oakland County and Macomb County Realtor, please complete the Lang Premier Properties contact form to have a real estate agent contact you.