No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring! | Simplifying The Market

Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.

1. Demand is Strong 

Foot traffic refers to the number of people who are out, physically looking at homes right now. The latest foot traffic numbers from the National Association of Realtors (NAR) show that the number of buyers out looking for their dream homes in December reached the highest mark since February 2016.

These buyers are ready, willing and able to buy…and are in the market right now! Take advantage of the strong buyer activity currently in the market.

2. There Is Less Competition Now 

Housing inventory just dropped to a 3.6-month supply, which is well under the 6-month supply needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices; however, additional inventory is about to come to market.

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. Homeowners are now seeing a return to positive equity as real estate values have increased over the last four years. Many of these homes will be coming to market soon.

Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home, while only 21% prefer an existing home (38% had no preference).

The choices buyers have will increase in the spring. Don’t wait for this other inventory to come to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend to a smoother transaction.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.7% over the next 12 months 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. You can also lock-in your 30-year housing expense with an interest rate around 4% right now. Rates are projected to rise by half a percentage point by the end of 2017.

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 back 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.  Give me a call to get started – J.P. Cook – 602-320-4253.

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10814 E Heritage Court Scottsdale, AZ 85255

$26,000,000
9 Beds
9.5 Baths
14,350 SqFt
Status Active
MLS # 5835690
Property Type Single Family - Detached
A rare find in the back canyons of Scottsdale's exclusive Silverleaf community is a stunning partnership of modern Mediterranean architecture and true contemporary styling. This 14,350 square foot home sits on two homesites (4+ acres), for the epitome of privacy and true estate quality, while at the same time capturing dramatic and all-encompassing city light and mountain views. The brilliant team of Toronto based architect Wayne Swadron and Salcito Custom Homes recreated this now award winning masterpiece in 2018. Exquisite and sensitive planning, master craftsmanship and the highest quality materials are a consistent theme, delivering both comfort and style:

7620 N Red Ledge Drive Paradise Valley, AZ 85253

$25,000,000
9 Beds
14 Baths
18,000 SqFt
Status Active
MLS # 5866737
Property Type Single Family - Detached
EXTRAORDINARY CONTEMPORARY MASTERPIECE! UNPARALLELED VIEWS, PRIVACY, AND LOCATION! This spectacular 18,000 sqft contemporary build-to-suit home, perfectly situated on a 16.4 acre mountain top Paradise Valley estate lot, presents the most discriminating individual an opportunity to have it all. Located within a guard-gated community, and behind its own private gate, the privileged owner of this extraordinary home will possess a unique level of privacy and seclusion rarely found, especially when considering the area's best fine dining, shopping, and entertainment are within 15 minutes drive, and both the Phoenix Sky Harbor International and Scottsdale Airports are only 20 minutes away. This remarkable property offers two breathtaking building pads. Must Watch Videos!

Paradise Valley AZ 85253

$22,888,000
6 Beds
12.5 Baths
20,000 SqFt
Status Active
MLS # 5860073
Property Type Single Family - Detached
Bella Paradiso is Paradise Valley's most sought after estate. Located on the south side of Mummy Mountain, this 20,000 square foot residence features 6 bedrooms, 12.5 bathrooms and the ability to garage up to 20 vehicles. The most breathtaking attribute, however, is the view! Showcasing Arizona's most exquisite landscape, the home captures 180 degree views of Camelback Mountain, Downtown Phoenix and the East Valley.This spectacular estate embodies a resort style environment, as well as a magnificent home. Bella Paradiso has the unique ability to function as a intimate home for a family, and simultaneously, entertain up to 200 guests in a stunning ballroom, which can be accessed through its own dedicated entrance.

Paradise Valley AZ 85253

$20,000,000
8 Beds
11 Baths
30,859 SqFt
Status Active
MLS # 5866492
Property Type Single Family - Detached
Privately gated estate in the heart of Paradise Valley with breathtaking views of Camelback Mountain,the McDowell Mountains, and Four Peaks Range surround this amazing property. Experience exquisitefinishes and rare amenities from exclusive interior designer David Scott and Frank Lloyd Wright trainedexterior architect Vernon Swaback; such as the tranquil Water Room's rounded glass walls andsurrounding exterior water features. Other unique highlights of the main home include an executivehome office, trainer's gym, basketball court with electronic score board, twelve seat grand theater andwine cellar.

8100 N 68th Street Paradise Valley, AZ 85253

$18,000,000
5 Beds
7.5 Baths
17,912 SqFt
Status Active
MLS # 5701342
Property Type Single Family - Detached
Romantic Urban Villa in the heart of Paradise Valley. This palatial Mediterranean estate is a master class in what can be achieved with the worlds finest materials, a renowned team of artisans, and an unlimited budget.Designed by Juan Sandoval following the format of 17th Century Colonial architecture, but with every modern convenience. This magnificent home is unparalleled in its construction quality and architectural precision. Every 2 acre part of this estate was designed and built in over a ten year period. Two spectacular central courtyards. One for gardens and fountains, the other for a stunning 60X60 foot pool. The design of the home guarantees beauty from every room, and a level of security unmatched by even the most advanced technology. DO NOT MISS MOTION VIDEO!

5335 N Invergordon Road Paradise Valley, AZ 85253

$16,950,000
6 Beds
13 Baths
25,851 SqFt
Status Active
MLS # 5676395
Property Type Single Family - Detached
Simple words cannot describe an estate of this stature. The polished elegance and imposing beauty are what movies are made of, and it's easy to imagine many a movie being filmed in this magnificent showpiece. The rooms are so luxurious and so unique, it's impossible to convey the grandeur without seemingly exaggerating, and to say that this mansion is constructed with quality materials is a massive understatement, as it has been built with commercial standards and engineering that are rarely, if ever, seen in residential construction. If that doesn't get your attention, the 25-person elevator sure will, serving as a focal point so spectacular that it will take your breath away. Impeccable custom design adorns every inch of this palatial residence, including a full home theatre, lavish two

New River AZ 85087

$16,000,000
4 Beds
2 Baths
19,161 SqFt
Status Active
MLS # 5584412
Property Type Single Family - Detached
AMAZING OPPORTUNITY TO OWN 32 ACRES TOTAL NORTH OF ANTHEM OUTLETS. BORDERS I17 FRONTAGE ROAD. C3 Zoning. Fantastic location. Please DO NOT bother anyone on property. Recent appraisal meets value. Willing to sell 8 Acres South of Nursery separately. Seller will finance! Thank you.

5335 N Wilkinson Road Paradise Valley, AZ 85253

$14,800,000
7 Beds
12 Baths
15,381 SqFt
Status Active
MLS # 5829139
Property Type Single Family - Detached
Bramasole: Enjoy your own resort! Privacy, luxury & relaxation in the heart of the Valley. Situated on 4.5 acres of lush landscaping boasting over 15,000 SF of elegance featuring a 3,000-bottle wine cellar, chef's kitchen, library, high-tech media room, exercise room, and an oversized 9 car garage! The outdoor oasis rivals any resort. Dip into your beautiful saltwater pool & spa, entertain with seating for 120 of your closest friends while floating in your 150,000 gallon lazy river with a 30 FT water slide, rope swing, splash pad, volleyball court, firepits and putting green. Enjoy your outdoor commercial kitchen, his & her locker rooms and a separate guest house, in addition to a caretakers cottage with an additional garage! Your dream estate awaits YOU...

8055 N Mummy Mountain Road Paradise Valley, AZ 85253

$14,500,000
7 Beds
12 Baths
25,416 SqFt
Status Active
MLS # 5165200
Property Type Single Family - Detached
Lush palm trees, flowering plants and a stone archway lead to the intricate wooden door and paradise beyond. Designed by Erik Peterson, this 5-acre Mediterranean estate features timeless details such as wrought iron accents, wooden shutters, and handcrafted cabinetry, while offering the very best in home entertainment. Revel in the exquisite craftsmanship, fine finishes and custom features inside, including your own home theater and recording studio. Host a grand gala under the stars around your resort-style pool area, cabana and fire pit. After a friendly tennis match, retreat to your spa-like master sanctuary for a rejuvenating bath, then watch the desert sky from your private terrace. Perfectly situated at the base of Mummy Mountain; here, sweeping views surround you.

7004 N Invergordon Road Paradise Valley, AZ 85253

$13,950,000
6 Beds
10 Baths
15,000 SqFt
Status Active
MLS # 5716629
Property Type Single Family - Detached
This sprawling, private appx 5 acre mountainside estate boasts 15,000+ square feet & offers 6 bdrm suites, 10 baths & includes almost every imaginable detail to class & quality one could dream of. Exquisitely appointed with custom light fixtures; beautiful flooring throughout; stone carved Italian marble columns; incredible chef's kitchen; butler pantry; game room; wine tasting room & storage room for 1400+ bottles; custom office; sound proof 12 seat home theater; private gym; oversized pool w/see through viewing area from lower level family/game room; fire pots; a beautiful mountainside waterfall & a separate guest/housekeeper/chef quarters.This estate features incredible indoor/outdoor entertaining with absolutely amazing southern views & some of the best sunrise and sunsets in all of AZ

5837 N Palo Cristi Road Paradise Valley, AZ 85253

$13,400,000
8 Beds
9 Baths
14,458 SqFt
Status Active
MLS # 5780430
Property Type Single Family - Detached
This masterfully designed and privately gated palatial estate is situated on roughly 5 acres of manicured grounds in PV and offers breathtaking views of the world famous Camelback Mountain's Praying Monk and Piestewa Peak. This majestic one-owner estate underwent a multiple year construction process because of its unrivaled attention to architectural details and handpicked finishes that were inspired from the Versailles in France. From its romanesque water fountains, imported grand staircase, marble fireplace surrounds, polished marble floors, hand carved limestone columns, hand-woven silk wallpapers, coffered ceiling, to gold fixtures and custom cabinetry throughout. click for more supplemental info.

5212 E Exeter Boulevard Phoenix, AZ 85018

$12,950,000
3 Beds
4 Baths
2,553 SqFt
Status Active
MLS # 5814639
Property Type Single Family - Detached
Completed in 1952, the David and Gladys Wright House is one of three spiral designs realized by Frank Lloyd Wright and is considered to be a precursor to the Guggenheim Museum in New York City. The concrete block home sits on ~5.9 acres in the Arcadia neighborhood of Phx and enjoys sweeping views of Camelback Mountain. The ~2200 SF 3 bdrm main house has been partially updated, but requires additional rehabilitations, including necessary structural and electrical repairs. The offer includes reproductions of the signature ''March Balloons'' carpet designed by Wright for the living room and a dining table and chairs. The ~360 SF 1 bd guest house has been recently restored. An application for Historic Preservation-Landmark status is pending with the City of Phoenix.Offered in AS-Is condition

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