Undecided about selling your home now? You should read this.

There are conflicting reports in the news media about real estate that can make your head swim.

One report says that the real estate market is booming and that home prices have shot up. The next day, there are reports that new construction is at an all-time low and that is an indicator of flailing markets. One says that rising interest rates are hurting the real estate rebound, while another says that mortgage lenders are making more loans!

Here is the view from the field:

A lot of homes have been sitting unsold for months. Real estate signs have faded, info boxes hang forlorn. Summer has turned to winter, but these homes are still waiting to be sold.

Main reason? They are over-priced. It's not what sellers want to hear, but if a home has had a lot of showings, but no offers, then it is the price.

But... that is not what this post is about.

There are a lot of buyers out there. And they are sick of having the same homes come up on their searches. They have seen every home in their price range. They have seen every home with features that they want. None of these excites them.

So what do these buyers want?

They are looking for fresh homes on the market! They are ready and willing to buy, and worried that interest rates are inching up.

Could yours be one of the fresh homes at a competitive price to grab their attention?

For a free market analysis, email me at vsashikant@gmail.com. The analysis is FREE and there's no obligation.

Check out all homes for sale in Columbia and Lexington at www.homesincolumbiasc.net

 

For... all Real Estate matters!

5 Reasons Why You Should Sell Your House Now

Many now realize that it is a great time to buy a home.  It might also be an opportune time to sell your house.  Here are the five reasons we believe now may be a perfect time to put your house on the market.

1. Demand Is High

The most recent Existing Home Sales Reports by the National Association of Realtors (NAR) show a double digit percent increase in sales year-over year; sales have remained above last year’s levels for over 25 months.  There are buyers out there right now and they are serious about purchasing.

2. Supply Is Beginning to Increase

Total housing inventory is again approaching historic norms of a 5 month supply compared with 4.3 months in January.  Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity in the last 12 months and an additional 1.9 million are expected to enter positive equity in the next 12 months.  Selling now while demand is high and before supply increases may garner you your best price.

3. New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block.  As the market is recovering, more and more builders are jumping back in.  These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

4. Interest Rates Will Again Rise

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year.  The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by this time next year.
Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5. It’s Time to Move On with Your Life

Look at the reason you are thinking about selling and decide whether it is worth waiting.  Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should?
You already know the answers to the questions we just asked.  You have the power to take back control of your situation by putting the house on the market today.  The time may have come for you and your family to move on and start living the life you desire.  That is what is truly important.

Courtesy: KeepingCurrentMatters.com