submitted by Dave Marcolla, Realtor, Keller Williams Real Estate, www.DaveMarcolla.com
Thinking for selling? Have always been told spring is the time to sell, right? Well…let’s think about that.
There are four (well, at least four) reasons many can tout that might throw that advice out the window!
1 – In order to maximize return on your investment and sell your home for top dollar, you want the least amount of competition possible. Right now, inventory levels (your competition) are the lowest we’ve seen in quite some time.
2 – For buyers to be motivated, they need to have affordable financing. Have you seen today’s mortgage rates? They are astonishingly low but poised to increase throughout 2019 as the Fed likely raises rates again this year.
3 – How much time do you like to spend outdoors when it’s freezing cold and or snow covered? Probably not more than you have to. Neither do buyers. That means less time examining every details of the landscaping, curb appeal or exterior of the home.
4 – If you need to sell to be able to purchase your next home, getting it on the market now means less stress when you start looking. Let’s say you list your home mid-February. You get it sold by mid-March. Average 60 day closing means you’re out mid-May. That’s an ideal time to move before it gets too hot out and when you’re ready to be closing on your next dream home. Once you’re under contract for sale of your home, you’re better positioned to put an offer on your next home. Waiting too long can mean you’re not purchasing until late summer and possibly missing out on the perfect home for you!