5 Reasons to Sell This Winter!

Winter

Here are five reasons listing your home for sale this winter makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.

Historically, the average number of years a homeowner stayed in their home was six but has hovered between nine and ten years since 2011. 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. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 46 days.

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

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 4.8% over the next year 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.

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 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.

 

Posted by The KCM Crew

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Make Your Home a Hot Commodity This Winter

Although the holiday season can be a hectic time to show and sell your house, there are distinct advantages to staging and showing your home at this time of year—you have a chance to show your home at its very best, adorned with warmth and cheer that’s sure to charm. Nothing is more inviting than a home brimming with greenery, twinkling lights and holiday decorations.

Make Your Home a Hot Commodity This Winter

Inviting and Warm

First impressions are important. If you live in a snowy area, make sure walkways are cleared. Do you have late fall leaves littering the ground? Rake them up. Also, make sure the walks and stairs are free of ice.

A few exterior holiday lights or decorations show pride in ownership and seasonal cheer, but they don’t add anything during the day when potential homebuyers will be looking at your home, so don’t overdo them. Another thing to consider: Would-be buyers may view it favorably if nearby homes are brimming with lights—it shows unity and neighborliness—so you’ll want to find a tasteful balance.

As you set out to win over holiday homebuyers, here are a few other tips to keep in mind:

  • Trim outdoor trees so unexpected winds don’t knock down branches that could damage your home or hurt someone.
  • Place a holiday welcome mat outside the front door.
  • Keep the door area clear of bicycles, toys or parcels left by the mail carrier.
  • Hang a festive wreath on your door.
  • Play holiday music in the background.
  • Keep the house cozy. Entering a cold house could chill potential buyers’ enthusiasm.
  • Light a fire in the fireplace just before the agent shows your house. (But never leave a fire unattended.)
  • Choose a tree and decorate it to complement the room where it’s displayed. You don’t want the tree to appear to take over the entire living or family room. Remove furniture, if necessary.
  • Keep decorations on the conservative side. You want your house to be noticed, not your decorations.
  • If your house is being viewed in the evening, tell your agent how to turn on the holiday lights. And be sure the agent turns the lights off, or you have a plan to be home immediately, following the showing.
  • Make sure your agent turns the home security system back on after showing your house, especially if you have gifts under the tree.
  • Be certain your windows are sparkling clean.
  • Let there be light. Open blinds and curtains and turn on interior lights to reduce the pervasive dreariness of winter months.
  • Bake holiday cookies and treats to fill the home with enticing aromas before the prospective buyers arrive.
  • Leave those holiday treats and hot chocolate for your guests.

Ultimately, you want to convey the love, comfort and joy your family has shared in the house so that buyers will be eager to move in and create their own holiday memories.

From realtor.com. To view the original article, click here.