Many homeowners are waiting until the next 'buying season' to list their homes for sale. Here are five reasons why that might not make sense this year:
1. Serious Buyers Are Out There
The Pete Knows Real Estate Team has a wide database of buyers and access to those who are serious about buying a home. They are out there. You and your family will not be bothered and inconvenienced by mere 'lookers'. The team is experienced in negotiating and being able to weed out the buyers who are just looking from the serious and committed buyers.
2. The Process Will Be Quicker
One of the biggest challenges of the current housing market has been the length of time it takes from contract to closing. Banks and lenders are now better at accommodating both buyers and sellers with purchase and refinancing loan requests. The Pete Knows Real Estate Team also works closely with lenders and banks to help guide you through this process.
3. Interest Rates Are Projected to Inch Up
As we have seen over the past few years. Interest rates have been on the slow and steady incline. 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.
4. There Might Never Be a Better Time to Move-Up
Prices are projected to appreciate by over 15% from now through 2016. If you are moving to a higher priced home, it will end up costing you more (both in down payment and mortgage payment) if you wait. 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? Change is inevitable and unavoidable, so do not be afraid to make the jump and start a new chapter in your life.