5 Reasons to Sell Your House This Summer

Here are 5 compelling reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index  from the National Association of Realtors (NAR) shows that buyer demand remains 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 for the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.

Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.

3. The Process Will Be Quicker

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. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.)

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 created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!

According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. 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.

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 having the freedom to go on with your life the way you think you should?

Only you know the answers to these questions. 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 start living the life you desire.

That is what is truly important.

Dreaming of a Luxury Home? Now’s the Time.

If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.

The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer or can be found at a discount.

Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.

 

The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.

But not all who are buying luxury properties have a home to sell first.

A recent Bloomberg article gave some insight into what many millennials are choosing to do:

“A new generation of affluent homebuyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes, according to a report heralding ‘the rise of the new aristocracy.’”

Bottom Line

The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.

5 Reasons Why to Sell This Spring!

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

1. Demand Is Strong

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.

2. There Is Less Competition Now

Housing inventory has declined year over year for the last 32 months and is still under the 6-month supply 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.

3. The Process Will Be Quicker

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 45 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 4.8% 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.

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 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.

Donnie Chambliss on cityCURRENT Radio Show

This past weekend, Jeremy C. Park had Donnie Chambliss on the cityCURRENT Radio Show to discuss the state of home buying and selling across DeSoto County.

Donnie touched on the incredible work of Southaven Chamber of CommerceDeSoto County GovernmentDeSoto Family TheatreSilo Square MS, and more.

Tune-in and give us a call at 662-349-5550 so we can help you find your dream home.

 

[Infographic] The Impact Staging Your Home Has On Sales Price

 

Some Highlights:

  • The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • 50% of staged homes saw a 1-10% increase in dollar value offers from buyers.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.

Sold in 3 Days! Too good to be true? Not in today’s market!

sold1Here’s a new real estate theme for the summer:  Hot OFF the Market!

Low inventory and increased demand have created a great opportunity for sellers.  In the last 2 months we’ve seen quick sales (in less than 2 weeks) in both existing and new construction and across a variety of price ranges.  Of course, a quick sale does not happen automatically, and there are some things that Sellers and Realtors can do to reduce time on market.

  • Do your homework – Work with a Realtor who understands the local market and knows how to put your listing in front of buyers.
  • Be Prepared – Get your home in selling shape BEFORE it hits MLS… you only get one chance for a first impression.
  • Price It Right – There is a fine line between priced to sell and overvaluing a home. Make sure your Realtor understands market value and is willing to get you top dollar while making your home attractive to buyers. A win-win is always the goal.
  • Be Ready to Move – Stay ready for showings, be responsive to feedback, help your Realtor spread the word, and demonstrate good faith to interested buyers.  When you follow these steps, expect great results, and start packing! An active seller and a motivated buyer = SOLD!

Just Sold Collage July 2016

DC Team – May News

 

Warmer temperatures and longer days mean the Home Buying season has arrived.

Our observations from the Real Estate market in the last 60 days…

  • High demand for homes under $200,000
  • Inventory of available homes for sale remains very low
  • Great homes are in short supply, and will go under contract within 3 weeks
  • Buyers are finding themselves in multiple offer situations
  • Increasing demand for homes with pools and homes on large lots

Buyers are looking for… open floor plans, big kitchens, entertaining space, and large, and updated master baths.  Buyers continue to bring their high expectations to the market.  This translates into buyers selecting new construction homes or homes that have already been updated with features like granite counters, wood floors, and stainless appliances.  If buyers can’t find what they are looking for, they are choosing to wait (delay the decision to buy) until better homes become available.

Therefore, Sellers who do anything in their power to improve curb appeal, de-clutter, stage, and deep clean their homes have a distinct advantage in the market.  Sellers who neglect these improvements and who price their homes above the market will be surprised when their home stays on the market with no offers.  Buyers are also starting to pay more attention to ‘days on market’.  They know that supply is low and demand is high and that good homes will sell fast.  Therefore, if buyers see days on market of 90 or more, they assume something must be wrong with the home.

Seeking Sellers
There are simply not enough great home options for buyers.  The DC Team is aggressively seeking sellers who wish to take advantage of this opportunity.  Our unsurpassed strategic marketing program will deliver by selling your home faster and for more money.

For more information on buying/selling a home, please contact us. Our team would love to assist you.

Download our DC Team Newsletter May 2016 and visit the Our Listings page to see this home and other available homes for sale in DeSoto County.

Home for Sale ~ Southaven, Mississippi