Home Sales Steady Prices Up

So often, I will hear that the winter is not a good time to sell.  Contrary to that general belief, however, many sellers actually do quite well when they put their home on the market during the winter season.

 

These are some reasons to put your home on the market now.

 

1. There are fewer homes on the market during the winter months.  This means that your home will not have as much competition.   Contrary to what you may hear, there are buyers looking to buy a home now and they are not waiting until spring to make their purchase.

 

2. Interest rates are probably going to go up.  The same buyers that are able to purchase your home today, may not be able to qualify for the same loan in the spring because a higher interest rate will translate into a higher monthly payment.

 

3. If you wait to put your home on the market, you and everyone else will put their home on the market at the same time.  The advantage you were hoping to gain by waiting will be neutralized as competition will be much greater.  In addition, if interest rates go up by then, you will possibly lose some potential buyers.

 

My advice is that if you are ready to sell, go right ahead and do it now. It's often a good idea to swim in a different direction from the crowd if you want to stand out.

 

Weekly Tidbit:  Home prices have jumped in some of the largest cities, with the largest price gains in the western cities of Las Vegas, San Francisco, Los Angeles and San Diego.

 

 

Nancy Puder is a real estate broker in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415. She always enjoys hearing from you!