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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3855 S Mcqueen Road Chandler, AZ 85286

$549,500
3 Beds
2.5 Baths
2,107 SqFt
Status Active
MLS # 6562343
Property Type Townhouse
Price Type --
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$549,500
4 Beds
2 Baths
1,928 SqFt
Status Active
MLS # 6641021
Property Type Manufactured Home
Price Type --
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1901 W Fairway Lane Payson, AZ 85541

$549,500
3 Beds
2 Baths
1,557 SqFt
Status Active
MLS # 6652071
Property Type Single Family Residence
Price Type --
As you walk through the front door into the foyer, you will notice the engineered hardwood flooring that is throughout the home, the secondary bedrooms are on your right, but first continue into the living room with vaulted ceilings with indirect lighting featured in multiple areas. Take in the fireplace and views of the deck and expansive backyard through large windows on either side of the fireplace that now has a pellet stove for added efficiency for heating in the winter months. As you walk further in, you will notice the gourmet kitchen with undercabinet lighting, designed by the owner, a renowned pastry chef now retired. There is an adjoining dining area with great views of the outdoors. After you take in the kitchen and dining area proceed into the primary suite that is spacious and also has access to the rear covered deck, pause for moment and take in the views into the back yard then proceed into the bathroom with spacious walk in closet along with walk in shower with glass enclosure. Wow! Now the best part is you go out on the deck, take in the views of the mountains and if you are lucky some of the areas wildlife or maybe a golfer saying a few choice words after shanking their drive. Then proceed down the stairs and into the backyard, walk among the trees and shrubs, over on the side of the home are raised beds that have drip irrigation set up for easy gardening. Then for those of you that tinker the workshop with outside ramp if you want to park your side by side that you can access from the garage too.

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$549,500
4 Beds
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MLS # 6671997
Property Type Single Family Residence
Price Type --
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$549,500
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Property Type Single Family Residence
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$549,500
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MLS # 6692221
Property Type Single Family Residence
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$549,500
3 Beds
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Property Type Single Family Residence
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$549,000
3 Beds
3 Baths
1,772 SqFt
Status Active
MLS # 6697234
Property Type Single Family Residence
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$549,000
4 Beds
2 Baths
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Property Type Single Family Residence
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$549,000
4 Beds
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2,272 SqFt
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Property Type Single Family Residence
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$549,000
2 Beds
2.5 Baths
1,678 SqFt
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MLS # 6590654
Property Type Townhouse
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