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.

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

 

 

Getting Ready to Sell Your Home

  • Curb Appeal
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    Enhance Curb Appeal for a Good First Impression

    First impressions matter. Make sure flowerbeds, lawn, and front entrance are clean and manicured. Consider welcoming features such as potted plants, a new doormat, or a seating area near the front entrance. Most of all, make sure the overall impression is neat, clean, and uncluttered.

  • De-Clutter

Less is More! Start packing non essential items. Survey rooms for unneeded furniture and remove personal items. You want potential buyers to envision making your house their home.

  • Stage

Position furniture to maximize views and features. Tour each room of your home, and look for ways to enhance flow, function, useable space, and décor.

  • Deep Clean

Have your home professionally cleaned. Buyers notice things we often overlook including light fixtures, ceiling fans, baseboards, cabinets, and floors. Pay attention to kitchens and bathrooms. Ask a friend if your home has any noticeable smells, and make sure pet items are put away.

  • Fix It

Now is the time to make small repairs that you have been putting off. Buyers will ask for repairs in the contract, so you might as well make minor fixes to make your house look well cared for.

DC Team – Getting Ready to Sell