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Can I sell now?

Friday, February 1, 2013   /   by Jessica Deubner

Can I sell now?

If you are considering putting your home on the market, this is a good read.  The time really is perfect for selling RIGHT NOW in Central Ohio.  In the past month, I have personally been in 5 multiple offer situations with buyers and/or sellers!  The buyers are there, the rates are still low, and our inventory is DOWN.  Check out these 5 reasons, call us if you would like to have a free Market Analysis done on your home. 


 


1.) Demand Is High


Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.


2.) Supply Is Low


The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.


3.) New Construction Is Coming Back


Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers.


4.) Interest Rates Are Projected to Inch Up


The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. Whether they are moving up or moving down, their housing expense will be more a year from now if a mortgage is necessary to purchase your next home.


5.) Timelines Will Be Shorter


The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.


These are five good compelling reasons why your clients may consider listing their house today instead of waiting.


 


Happy Online Browsing, have a great Weekend!!


 


Jessica

Keller Williams Premier Realty
Kevin Hart
3111 Columbus Street
Grove City, OH 43123
614-571-1902

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IMPORTANT LEGAL NOTICE AND DISCLAIMER: The information contained in this web site is provided by the listing agent or broker for the sole purpose of consumers' personal use and to assist consumers in identifying properties for potential purchase. This information is deemed to be reliable, but is not guaranteed. You should independently verify the information regarding property that interests you. Neither the listing agents/brokers nor , shall be responsible for any typographical errors, misinformation, misprints or other mistakes. This information is subject to change without notice. All properties are subject to prior sale, change or withdrawal without notice. You should know that, given the volume of listings, delays in removing or posting listings, in correcting misinformation, or in supplementing information on this web site are inevitable. If you have an interest in certain properties, then please confirm their availability and facts as soon as possible. Neither the listing agents/brokers nor make any express or implied warranties for any of the information provided herein to a potential purchaser of a listed property or any consumer. Copyright 2020, . All rights reserved.
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