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4 Reasons to Sell Now

As we discussed last week one reason to sell now is demand is still strong. With inventory levels also still below historic numbers, you could be missing out on a great opportunity for your family.

1. There Is Less Competition Now

Housing supply just dropped to 5.1 months, which is under the 6 months’ supply that is needed for a normal housing market. This means that, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.

Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.

2. The Process Will Be Quicker

One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. Any delay in the process is always prolonged during the winter holiday season. Getting your house sold and closed before those delays begin will lend itself to a smoother transaction.

 

3. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 23.5% from now to 2019. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate in the low 4’s right now. Rates are projected to be over 5% by this time next year.

4. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps, the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.






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FREE Market Analysis on Your Home
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Your referrals help!! The Craig Group is a proud supporter of the Palmetto Health Foundation's Cancer Center.  For every referral given to the Craig Group a portion of the commissions will be donated.

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Testimonials Page

"My wife and I recently completed our second transaction with Sharleen. As with the purchase of our home, the sale went just as smoothly. Sharleen was there to ease our worries through the home inspections, appraisals, and demands of the buyer. Although we hope we are now in our forever home, we would use Sharleen and Steve for any of our real estate needs in the future and would recommend them to anyone we know." Devin and Kristen Kile
Thank you SO MUCH for making this complicated process go so smoothly for us! I can't imagine trying to go thru this without the help of experienced realtors like Sharleen & Steve. Thank You! Roxanne Gilfus
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FREE Market Analysis on Your Home
click this link:

http://goo.gl/fLvYxa

Your referrals help!! The Craig Group is a proud supporter of the Palmetto Health Foundation's Cancer Center.  For every referral given to the Craig Group a portion of the commissions will be donated.

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