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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11596 W Sierra Dawn Boulevard Surprise, AZ 85378

$143,000
2 Beds
2 Baths
1,536 SqFt
Status Active
MLS # 6661279
Property Type Manufactured Home
Price Type --
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$142,900
2 Beds
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1,144 SqFt
Status Active
MLS # 6668300
Property Type Manufactured Home
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$141,999
3 Beds
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MLS # 6667051
Property Type Manufactured Home
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$140,000
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Property Type Manufactured Home
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$140,000
4 Beds
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1,600 SqFt
Status Active
MLS # 6621141
Property Type Single Family Residence
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$140,000
2 Beds
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MLS # 6639577
Property Type Apartment
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$140,000
4 Beds
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1,288 SqFt
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MLS # 6641150
Property Type Single Family Residence
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$140,000
1 Bed
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Property Type Manufactured Home
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Welcome to our 55+ Active Adult Community where you OWN your land! Beautiful north facing unit that is well maintained. It is light and bright with wood vinyl flooring throughout the park model. Bath has a full tub/shower w/lots of cabinets. AZ room is ground level, carpeted and has an extra 3/4 bath with a stacked w/d.The 2 couches are hide-a-beds. Patio door out the front and Deck off the front room. This one has everything you need to start living in a Great Community. Amenities for you to enjoy are tennis, heated spa & heated pool, pickleball, billiards, bocce ball, shuffleboard, exercise room, woodshed, crafts, lapidary/silversmithing, library, quilting and SO MUCH MORE. Give me a call to see this one.

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$140,000
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Property Type Manufactured Home
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4750 N Central Avenue Phoenix, AZ 85012

$140,000
1 Bed
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442 SqFt
Status Active
MLS # 6659679
Property Type Apartment
Price Type --
Discover urban living at its finest in this stylish 5th story Studio in the Historic Landmark Towers of Central Phoenix. Facing North with glass patio doors leading to a private balcony, enjoy stunning views seamlessly blending indoor and outdoor living. Benefit from 24-7 concierge, WiFi, heated pool, fitness center, dog run, game room, rec room, library, rooftop terrace, sky lounge, BBQ area, theater, bike storage, and visitor parking. Centrally located for easy access to fantastic restaurants, shopping, freeways, hiking, and the canal path. Live in comfort and sophistication with all amenities at your fingertips—your perfect Phoenix home awaits!

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$140,000
3 Beds
2 Baths
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Status Active
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Property Type Manufactured Home
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$140,000
3 Beds
2 Baths
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Status Active
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Property Type Manufactured Home
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Welcome to your next home, a unique gem that's ready for your personal touch! This property offers a blend of character and potential, with minor updating that allow you to infuse your style and creativity. Enjoy an expansive outdoor space that invites relaxation and entertaining. The recently installed HVAC system ensures modern comfort throughout the home. Inside, discover a spacious primary bedroom complete with a sitting room for your private retreat. The master bathroom features both a separate tub and shower, providing a touch of luxury. The formal dining room is perfect for hosting large gatherings. The family room and great room offer versatile spaces for various activities as well. For those who enjoy hands-on projects, a workshop awaits your endeavors, while the oversized AZ room seamlessly connects indoor and outdoor living. This home, with its unique features and potential, presents an exciting opportunity to create the perfect living space. Embrace the chance to make it your own, knowing that you will be making a small investment in renovations and the grand potential this property holds. Don't miss out on the promise of comfortable living with mountain views and abundant outdoor space - your canvas awaits!

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