How the Holidays create the perfect time to Sell
Selling your house in today’s market can be difficult. It is for that reason that every seller should take advantage of each and every chance that appears. There is a fantastic opportunity available right now. Meet with Matt today and see whether it is the right time for you and your family to make a move.
Here are the top reasons you should consider selling during the Holidays and into 2014.
1. During the winter months, the buyers are serious.
At this time of year, the ‘lookers’ are busy with other priorities. The home buyers left in the market are serious and are more apt to buy. In Salt Lake City we also have an advantage to other markets that may typically slow during the winter months. With the resort market and high influx of people coming for winter sports the number of actual buyers increases.
2. Interest rates will continue to rise and mortgage standards are changing.
Rates have remained steady the last month, however, it can be expected they will rise as the federal reserve continues its quantitative easing. As rates rise, it limits the number of buyers who can qualify at each price point. Also starting January 10th lenders must assess the borrower's ability to repay the mortgage. Qualified Mortgages will limit the Borrowers Debt to Income ratio to 43%. Now is the best time to sell your house, when buyers can still afford more home.
3. You beat the rush of inventory that is coming next year.
Every year there is an increase of inventory which comes to market through April as homeowners put their houses up for sale in preparation for the spring market. New Construction homes are on the rise again and come spring builds will be in high swing. You won’t have to worry about this increasing competition if you sell now.
4. Houses 'show' better when decorated for the holidays.
If you are looking to sell, there may not be a more opportune time than right now. Serious buyers and less competition from super-motivated sellers creates the perfect selling situation. Don’t miss it!
Blog Archive2017-01-09 11:59:35
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