September 25, 2012 |
By The KCM Crew
Most home owners feel that the seasonal real estate cycle , as they had come to know it, says that listing your home for sale in Spring is the best time to place their home on the market as buyer demand increases at that time of year.
Well, the last five years have pretty much re shuffled the cards and one cannot clearly say with absolute confidence that this is still true. Listing your home for sale in the Fall and Winter have their own advantages as was the case during the winter of 2011/2012 when the Bergen County homes for sale and Tenafly in particular was very active . Here are five reasons to to sell now.
1. There Is Far Less Competition
Housing supply always shrinks dramatically at this time of year. This year will be a little different as some of the distressed properties being liquidated by the banks (in the form of foreclosures & short sales) will enter the market. However, for those buyers looking for a non-distressed property, the choices will be limited. Don’t wait until the spring when all the other potential sellers in your market will put their homes up for sale. Facing less competition will put you in a better bargaining position.
2. Serious Buyers Are Out
Those buyers who are serious about purchasing a home will be in the marketplace during this season. You and your family will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.
3.The Process Will Be Quicker
During 2012 Banks have been inundated with both purchase and refinancing loan requests & consequently one of the biggest challenges of the 2012 housing market has been the length of time it takes from contract to closing. Purchase and Refinancing will slow in the winter reducing the timelines and the frustration these delays cause both buyers and sellers
4. There Will Never Be a Better Time to Move-Up
Prices are projected to appreciate by over 15% from now to 2016. 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. If you are moving up to a larger, more expensive home, consider doing it now
You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.
5. It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and decide 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?
You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. 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.