5 Reasons You Should List Your House TODAY! taken from the The KCM Blog.
Ana Hodge -www.buyahomeatl.com
People are usually asking about the market and the overall idea, and the reality until recent months is that the buyers have had the upper hand, and many people was able to acquire really good properties for almost nothing. Well, things are changing. The effect of low interest rates keeps bringing more and more buyers into the market, and now the challenge for those wanting to buy before interest rates climb is that inventory of homes for sale is low. reality is right now in Marietta, GA we are in a sellers market and this are 5 reasons why this is a great time to get off the fence and list your home.
1.) Demand Is High
Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.
2.) Supply Is Low
The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your 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 is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers.
4.) Interest Rates Are Projected to Inch Up
The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. 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.
5.) Timelines Will Be Shorter
The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.
Buying,selling or investing in real estate in Marietta or Cobb County? I would welcome the opportunity to help you have a successful and financially rewarding transaction.