There are four reasons why now is the perfect time to sell as we enter the spring market.
Springtime is in full force, and there are four reasons to put your home on the market right now.
First, buyer demand will remain strong. Buyers are out in full force right now looking for their dream home. In certain price points, buyer demand continues to outpace the actual supply of homes for sale, which means buyers are often competing with one another for the few listings that are available.
Second, there’s less competition right now. Housing inventory is still under the six-month supply level that’s needed for a normal market. This means that in the majority of the country, there aren’t enough homes for sale to satisfy the number of buyers in the marketplace. Here in Orange County and other LA county markets, home sellers have little-to-no competition in certain price points.
Third, there will likely never be a better time to move up. Prices are projected to appreciate by 4.3% over the next year, according to various economists and real estate websites. If you plan on moving into a higher-priced home, it will cost you more in terms of your down payment and your mortgage payment if you wait.
Last but not least, it’s time to move on with your life. Look at the reasons you decided to sell in the first place and determine whether it’s really worth waiting any longer. Perhaps it’s time for you and your family to move on and start living the life you deserve.
The bottom line is there’s never been a better time to sell. We have low inventory, lots of buyers, and homes are appreciating. What more could you ask for?
If you have any questions about why you should sell this spring or you do plan on listing your home and you want to talk strategy, don’t hesitate to give me a call. I’d love to help you.