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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6322 E Beckett Trail Prescott Valley, AZ 86314

$515,000
3 Beds
2 Baths
1,687 SqFt
Status Active
MLS # 6681332
Property Type Single Family Residence
Price Type --
This former model home, located in the desirable subdivision of Granville, offers a range of attractive features and amenities. The home features a popular great room concept layout with an open living room, dining room, and kitchen. The interior is adorned with abundant upgrades including raised height baseboards, luxury vinyl plank flooring throughout the common areas, two-tone paint, high-quality window coverings and numerous ceiling fans. The kitchen is equipped with generous countertop space, a large pantry, pendant lighting and a stainless basin sink with an upgraded faucet. The master suite is spacious and includes a well-designed bathroom with dual vanities, private water closet, large walk-in closet and walk-in shower. For added privacy, the 2 guest rooms & guest bath are separate from the master suite and flanked by a well appointed full bathroom. Both the front and back yards feature gorgeous low-maintenance landscaping that perfectly complements the immaculate interior. The front yard boasts a lovely covered patio, a rarity for Granville and perfect to pass the summer days watching people stroll by. The park-like backyard is fully fenced, features attractive trees and bushes, a covered patio, oversized paver patio extension, and low-maintenance artificial lawn. The fabulous views of Glassford Hill and Granite Mountain in the distance are the icing on the cake! The oversized 2.5 car garage has built in storage cabinets and plenty of room for a workshop, tools, etc. Additional notable features of this home include 10' ceilings throughout, a high-end security screen door, and an owned soft water system. Furthermore, residing in the Granville community grants access to numerous parks, three separate clubhouses with pools and fitness centers, a dog park, pickleball courts, and covered RV parking. With all of these outstanding features and amenities, this home will not remain on the market for long!

5211 N 81st Avenue Glendale, AZ 85303

$515,000
3 Beds
2.5 Baths
2,320 SqFt
Status Active
MLS # 6679880
Property Type Single Family Residence
Price Type --
BACK ON MARKET! Welcome home to El Prado, one of Glendale's newest communities. This perfect 3 bedroom 2.5 bathroom home was recently built in 2021, meticulously crafted by Taylor Morrison. From the moment you walk through the front door, you will be captivated by the open floor plan, modern design, and clear view through massive sliding glass doors leading into the backyard. A split 3 bedroom floor plan with added office space provides enough room for all of your family activities as well as privacy, when desired. The 24' tandem 3 car garage equipped with electric charging is perfectly suitable for your vehicles and added storage space. In this new community situated just two miles from state farm stadium, you can ensure an unforgettable family experience. Welcome Home

942 E Southern Avenue Phoenix, AZ 85040

$515,000
3 Beds
1 Bath
1,440 SqFt
Status Active
MLS # 6683094
Property Type Single Family Residence
Price Type --
This lot is zoned Commercial C-2, ready to start your business while living on property? Situated on the corner lot of Southern and S. 10th st, this 17,955 sqft lot has nearly 50,000 cars pass along this property every day. Home has 200 sqft basement for storage and converted garage for additional storage.

11676 W Levi Drive Avondale, AZ 85323

$515,000
4 Beds
3 Baths
1,970 SqFt
Status Active
MLS # 6690220
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of the coveted Avondale community within Alamar! This methodically crafted home is highlighted by an inviting open-concept floor plan, perfect for both entertaining and everyday living. Step into the spacious living area adorned with a custom-built entertainment center, where relaxation meets sophistication. The updated gourmet kitchen is highlighted by roll out cabinets, gas cooktop and a large granite sink. This freshly painted home also boasts a 3-car tandem garage and thoughtful custom storage at the entryway. Beyond the sleek interior lies a masterfully designed backyard, offering a tranquil escape from the hustle and bustle of daily life. Enjoy gatherings around the cozy firepit, surrounded by plush seating that beckons you to unwind under the stars. Whether hosting friends or simply enjoying a quiet evening, this outdoor sanctuary provides the ultimate setting for unforgettable moments. Indulge in the luxury of modern living combined with the charm of the Alamar community. Don't miss the resident-only Hay Moon community park, complete with beautiful pool, playground, BBQ grills and large open spaces. Just 1 mile outside the community is the 40-acre Alamar Park which offers Pickleball, Dog Park, Tennis, Basketball, Splash Pad, Urban Fishing and so much more. With the recently opened Lakin Preparatory Academy this community truly has it all. Experience the essence of comfort, style, and serenity of this exceptional home in a thoughtfully built community.

1242 W Manhatton Drive Tempe, AZ 85282

$515,000
3 Beds
2 Baths
1,006 SqFt
Status Active
MLS # 6686208
Property Type Single Family Residence
Price Type --
This recently updated 3-bedroom, 2-bathroom home is conveniently located within a fifteen-minute drive of ASU, Spring Training Facilities, Old Town, Mill Ave, and Skyharbor. The spacious backyard features a pool, seating area, grill, putting green, sand pit, cornhole, and fire pit seating. The master bedroom boasts a walk-in closet and a full bathroom.

1637 Camino Cangrejo -- Rio Rico, AZ 85648

$515,000
3 Beds
2 Baths
2,177 SqFt
Status Active
MLS # 6687142
Property Type Single Family Residence
Price Type --
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$515,000
4 Beds
2 Baths
2,310 SqFt
Status Active
MLS # 6694099
Property Type Single Family Residence
Price Type --
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3659 S 63rd Drive Phoenix, AZ 85043

$515,000
5 Beds
3 Baths
1,939 SqFt
Status Active
MLS # 6690176
Property Type Single Family Residence
Price Type --
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15923 W Summerwalk Drive Surprise, AZ 85374

$515,000 - 2Br/2Ba -  for Sale in Sun City Grand Desert Sage 2, Surprise
New
$515,000
2 Beds
2 Baths
1,894 SqFt
Status Active
MLS # 6689936
Property Type Single Family Residence
Price Type --
This is living in The Grand,step into luxury with this stunning Borgata model! The owners have created a private guest suite with the ability to close off this space in the home for ultimate privacy. If you are not hosting guests, you will be able to have that quiet area of the den all to yourself. This split floor plan is one of the most popular floor plans. The care and attention to this home are apparent with the freshly completed cool decking on the spacious front courtyard and walkways adding to the home's curb appeal. The spacious 3 car garage has recently had the epoxy coating updated There is plenty of room to entertain family and friends in the open concept great room, separate dining and OH my that spacious, expansive covered patio! WOW!!! Sit back & enjoy this oasis of pr

26842 N 66th Lane Phoenix, AZ 85083

$515,000
3 Beds
2 Baths
1,845 SqFt
Status Active
MLS # 6689581
Property Type Single Family Residence
Price Type --
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11430 N 37th Avenue Phoenix, AZ 85029

$515,000
4 Beds
2 Baths
1,962 SqFt
Status Active
MLS # 6692489
Property Type Single Family Residence
Price Type --
This stunning 5-bed, 3-bath furnished rental home awaits in a prime Phoenix locale. Step into a charming front yard, with a 2-car garage and extended driveway. Inside, revel in a formal living room, recessed lighting, designer paint, and wood flooring throughout common areas. The kitchen boasts SS appliances, quartz counters, subway tile backsplash, and white shaker cabinets. Two main bedrooms feature walk-in closets and luxurious ensuites with tiled showers. Outside, a paver-covered patio and fenced pool beckon, along with a side yard boasting a stacked-stone fireplace and built-in BBQ grill. Don't miss this gem!

8038 S 54th Lane Laveen, AZ 85339

$515,000 - 4Br/3Ba -  for Sale in Cheatham Farms West, Laveen
New
$515,000
4 Beds
2.5 Baths
2,403 SqFt
Status Active
MLS # 6689698
Property Type Single Family Residence
Price Type --
Desirable 4 bedroom 3 bath floor plan with a sparkling blue pool home situated on a spacious corner lot in the sough after Cheatham Farms neighborhood! featuring bold decorative tones throughout. The formal living room offers soaring ceilings and fashionable staircase, separate formal dining leads to the sizable open kitchen, complete with new upgraded appliances with plenty of space to entertain as the kitchen flows through the family room out to your back patio. with a lots of space surrounding the pool for entertaining. The den downstairs is being used as a bedroom, this home is perfect for accommodating guests. With 4 more rooms upstairs the large primary suite is a great layout. Located in the heart of Laveen, you're just minutes away from dining options, easy access to the 202.

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