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Selling
your house in today’s market can be extremely difficult. It is for that
reason that every seller should take advantage of each and every chance
that appears. There is a fantastic opportunity available right
now. Meet with your real estate agent and mortgage professional today
and see whether it is the right time for you and your family to make a
move.

Here are five reasons you should consider selling in the first 90 days of 2011.

1. Interest rates have spiked up.

Rates have jumped over 1/2 point in the last several weeks. The short
term result of increasing rates is a surge of buyers jumping off the
fence to purchase in fear that rates may continue climbing upward. This
is a short window of opportunity. If rates fall again, buyers will jump
back on the fence. If rates continue to rise, it limits the number of
buyers who can qualify at each price point. Now is the best time to sell
your house.

2. If you are moving up, you can save thousands.

If your family goal is to sell your
current house and take advantage of the fabulous selection of properties
currently available to buy the home of your dreams a at bargain
basement price, DO IT NOW! Prices will continue to soften in most
markets. However, if you are buying, COST should be more important than
PRICE. Cost can be dramatically impacted by rising mortgage interest rates. Do the math and decide if now is the time.

3. During the winter months, the buyers are serious.

We all realize that buyers are not quick to pull the trigger on the
purchase of a home today. There is no sense of urgency with the supply
of eligible properties at all time highs. However, at this time of year,
the ‘lookers’ are either staying warm (in the North) or just busy with
other priorities. The home buyers left in the market are serious and are
more apt to buy. Less showings – but to more motivated purchasers.

4. You beat the rush of inventory that is coming next year.

Every year there is an increase of inventory which comes to market
from January through April as homeowners put their houses up for sale in
preparation for the spring market. Here is the number of listings
available for sale in 2010.

• January – 3,277,000
• February – 3,531,000
• March – 3,626,000
• April – 4,029,000

We believe there is a pent-up selling demand (homeowners who have
held off selling over the last year) that will lead to an increase in
these numbers this spring. You won’t have to worry about this increasing
competition if you sell now.

5. You have less ‘discounted’ inventory with which to compete.

This year, sellers of non-distressed properties have been given an
early holiday present. With banks trying to rectify their foreclosure
procedures, there has been a large supply of discounted properties
removed from competition. No one knows how long it will take banks to
return to the normal flow of foreclosed properties to the market. However, until they do, every homeowner has a better chance of selling their property.

Bottom Line

If you are looking to sell in 2011, there may not be a more opportune
time than this right now. Serious buyers, great move-up deals and less
competition from super-motivated sellers and foreclosures creates the
perfect selling situation. Don’t miss it!

This entry was posted on 7. January 2011 at 18:15 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.