Now is the time to list with the inventory low and interest rates at am all time low, it is a winning combination! Many awill wait till Spring to list their home for sale. Here are the 5 reasons to list now.
1. Demand is High
Homes are selling at a pace not seen since 2007. According to the National Association of Realtors (Nar) showed that annual sales in 2012 increase 9.2% over 2011.
2. Supply is Low
The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. Sellilng now when demand is high and supply is low may get ylou the best price.
3. New Construction is Coming Back!
Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market gets better, more and more builders will start new projects.
4. Interest Rates are Projucted to Inch Up.
The Mortgage Bankers Association has projected morgage interest rates waill inch up approzimately one full point in 2013.
5. Timelines will be shorter
The dramatic increase in transactions caused many challanges to the process of buying or selling a home in 2012. There are more hoops to jump through for gettin a loan ready to close today. This time of year there are usually a slower time for real estate sales. The lenders aren as busy so the transactions can take less time.
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