Many People across the U.S. are beginning to make plans for the new for the new year. This takes place every autumn. We wonder if we will relocate for a job, buy a new home, move to a new area, etc.
Many people already are making plans to sell their home in spring, a traditional time to list your home. But, why wait? Here are 5 strong reasons to consider listing your home in the winter. P
1. Demand is High
It's no secret that 2015 has seen real estate in Thurston and Pierce Counties has been hot. Foot traffic numbers, the numbers that refer to people actively looking for homes, suggest buyers are still out in droves looking for a home. Fact: these buyers are looking to purchase a home right now!
As we get closer to holidays, that mindset may shift slightly, taking advantage of these buyers now, that are willing, able and ready is key.
2. There Is Less Competition Now
Current housing supply in Thurston County is 2.2 months, well below the the 6 months needed for a neutral market. So, in short, it is a sellers market! There just isn't enough homes for the number of buyers currently shopping. However, as soon as spring hits, one can expect that number to increase significantly.
Additionally, their is a built up desire for homeowners to finally be able to move, after years of negative equity. Finally able to get out from underneath their home as home prices scale upward, allowing them to put their home back on the market.
As you've already seen here in Thurston County, hammers are swinging and new homes are becoming major players again. A study done by research group Harris Poll, suggests 41% of home buyers would rather buy a new home.
The choices will steadily increase in the next few months. Why fight over marketability, and for other homes to come on the market?
3. The Process Will Be Faster
Mortgage requirements are becoming more and more difficult. Although the economy is scaling upward, the underwriting process for loans is taking much longer. Banks are making applicants fill out more and more paperwork with every new mortgage (This is a good thing!) Selling before more regulations come down, will create a smoother and quicker transaction.
4. Now is the Best Time to Move-Up
Studies show, people typically out grow their home in 5 years. If you are looking to move up to a larger home yourself, now is the best time. Overall, the real estate industry is projected to apprecietate 18.2% by 2019. Waiting to buy a higher priced home, will end up costing you more, by both mortgage and down payment. Not to mention you can lock in a 30 year rate of right around 4% right now, which is historically low.
5. Really..It’s Time to Move On
Try nailing down the reason you are deciding to sell, and decide whether it is worth waiting. Is family more important than money? Is health more important than money? Is finally having the freedom to move on, and the freedom to do so more important than money?
Of course, you are the only with with that can answer these questions. You can have the power back in your control, putting your home on the market now. The time is now, move UP and move ON, it's your life and live how you desire!