You Should Sell Your Home Before Spring! #ChrisBJohnsonRealtor

You Should Sell Your Home Before Spring!

Click The Links For HyperLocal Market Updates           

 Chris B Johnson, REALTOR®,SFR®CDPE®, CHS®

Chris B Johnson, REALTOR® Neighborhood Market Report  Mortgage Pre Approval

 Time To Buy A Home

Moorpark Home Values & Market Trends        Moorpark Condo Values & Market Trends

No Matter Which Groundhog You Listen to, You Should Sell Before Spring! | Simplifying The Market

No Matter Which Groundhog You Listen To, You Should Sell Before Spring!

Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that buyers are still out in force looking for their dream home. These buyers are ready, willing and able to buy…and are in the market right now!

Take advantage of the strong buyer activity currently in the market. 

2. There Is Less Competition Now

Housing supply just dropped to 3.9 months, which is well under the 6 months’ supply that is needed for a normal housing market. This means, 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 three 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 increase in the spring. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the 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. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend itself to a smoother transaction.

4. 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 5.4% over the next 12 months according to CoreLogic. 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 below 4% right now. Rates are projected to rise by three-quarters of a percent by the end of 2016.

5. 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.

 

Post navigation

 
Chris B
Johnson
Realtor
CDPE, SFR, BPOR, HAFA, CDAT, PSC, QSC
Allison James Elite
Moorpark, CA
(805) 208-0823
Your home is probably the biggest asset that you own. That is why you need to choose a partner, who is working for YOU to get the job done correctly, the first time. One who is concerned about Quality, not Quantity.
 
 
 

Your Name (required)

Email Address (required)

Phone Number (optional)

Sending ...

 

 

 

 

 



 

CATEGORIES

 

Comment balloon 0 commentsChris B Johnson • February 03 2016 05:34PM
You Should Sell Your Home Before Spring! #ChrisBJohnsonRealtor
share
You Should Sell Your Home Before Spring! Click The Links For HyperLocal Market Updates Chris B Johnson, REALTOR® SFR® CDPE ®, CHS ® Chris B Johnson, REALTOR® Neighborhood Market Report Mortgage Pre Approval Time To… more
Ventura County Real Estate News From Chris B Johnson Realtor
share
Your Real Estate Update FROM CHRIS B JOHNSON Chris B Johnson, Allison James Estates & Homes Elite / BRE #: 01501699 Chris B Johnson Realtor, 587 W Los Angeles Avenue, Moorpark, CA 93021 (w) 805. 208. 0823 (c) 805… more
Ventura County Home Values Time To Sell #ChrisBJohnsonRealtor
share
Chris B Johnson, REALTOR® Neighborhood Market Report Mortgage Pre Approval Time To Buy A Home Time To Sell When you look at today’s market, it’s hard to believe that just a few short years ago we were in the midst of a housing market crisis… more
Ventura County-Where Are Interest Rates Headed This Year?
share
Chris B Johnson, REALTOR® Neighborhood Market Report Mortgage Pre Approval Time To Buy A Home Where Are Interest Rates Headed This Year? Tuesday January 26th, 2016 For Buyers Housing Market Updates Interest Rates With… more
What's For Sale In Simi Valley SIMI VALLEY SHORT SALE SPECIALISTS
share
HOME FORECLOSURE SOLUTIONS SHORT SALES EXPLAINED RESOURCES BLOG FAQ CONTACT US Friday's Listing Updates from Chris B Johnson, REALTOR® Below you will find some listings that you may be interested in. If you like… more
It's Going To Be A Busy Week-What's Ahead For 2016?
share
Chris B Johnson, REALTOR® Neighborhood Market Report Mortgage Pre Approval Time To Buy A Home The economic slate gets off to a slow start with government offices closed Monday in observance of Martin Luther King’s Birthday. But after that comes… more
Will 2016 Continue The Seller's Market? Ventura County Selling Tips
share
Chris B Johnson, REALTOR® Neighborhood Market Report Mortgage Pre Approval Time To Buy A Home The experts offer the following suggestions on how to position your property favorably in 2016. Exceed buyers' expectations. Many people who’ve… more
Could Recent Stock Market Drops Can Affect Real Estate Values?
share
Chris B Johnson, REALTOR® Neighborhood Market Report Mortgage Pre Approval Time To Buy A Home Those that pay attention to the stock market know that things haven’t exactly been going well recently. Market crashes in Asian countries, especially… more
Is A Lack of Listings Slowing Down the Housing Market?
share
Chris B Johnson, REALTOR® Neighborhood Market Report Mortgage Pre Approval Time To Buy A Home What Is My Home Worth? The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete… more
When Is It A Good Time To Rent? NOT Now! #ChrisBJohnsonRealtor
share
Chris B Johnson, REALTOR® Mortgage Pre Approval Time To Buy A Home When Is It A Good Time To Rent? NOT Now! People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we… more