Many sellers wait until the spring start
which is the ‘buying season’ to list their homes. Here are five reasons
why they not make sense now:
1.)
The High Demand
Selling
homes are on pace which was not seen before 2007. According to the Association
of Realtors (NAR) about 9.2% annual sales was increased in 2012. There are
buyers right now and they are serious about investing in SC Real Estate.
2.)
Low Supply
Since May of 2005 the monthly supply
of houses for sale is at its lowest point which is (4.4 months). From the same
time last year 21.6% of the current month’s supply is down. Historically, in
the spring inventory increases dramatically. It is the right time to start selling
when demand is high and supply is low may garner you your best price.
3.)
New Construction
Over the last several years, most owners
are selling their home without competing with a new construction project around
the block. As seen more and more investors are coming back in the market as it
is recovering day by day. As the new homes are attractive alternative to many
purchasers will again become competition.
4.)
Interest Rates of Project
As “Mortgage Bankers Association”
projected mortgage interest rate which is approximately inch up one full point
in 2013. Whether you are moving down or moving up, your housing expense will be
more every year from now on if mortgage is necessary to purchase your next
home.
5.)
Shorter Timelines
Due to the dynamic increase in transactions
caused many challenges in the process of buying or selling a home in the past
year. We dealt with last minute appraisals of the market and prayed that the
bank didn’t ask for ‘just one more piece of paper’ before issuing commitment on
the mortgage. There are fewer transactions in the last year. That means that
timetables on each component of the home buying process will be friendlier for
those involved in transactions over this year.
These are the reasons why you should list your house today instead of tomorrow.
I completely agree with the details given above, now the market scenario has changed. Transactions can be benefiting in the present year. Nice post!
ReplyDeleteExactlly am agree with your research mostly buyer doing same things. A recent case my neighbour sold his house and the new owner giving new look to that property for more profit.
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Really, It is significance information for home seller. Everyone should be careful before launching property.
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It is good news that the real estate market has been boomed again after a long recession. The house buyers should follow three guidelines before buying their dreamland from a real estate company. These are:
ReplyDelete1. They know the proper home buying process
2. They have to fix their budget otherwise it will make a mess for them
3. They should know the importance of home renovations and maintenance