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Elton Shakulli Sold For You

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Elton Shakulli Real Estate

Reasons to Sell Now

Top Reasons to Sell a home:

Many are talking about why now is a great time to buy a home. Today, let’s look at why it might also be an opportune time to sell your house. Here are the Top 10 Reasons that now may be a perfect time to put your house on the market.

1. Demand Is High. Homes are selling at the fastest pace since November 2009 when the market spiked in response to the home buyer tax credit. There are buyers out there right now and they are serious about purchasing.

2. Supply Is Beginning To Increase. Many expect inventory to continue to rise as more sellers escape the shackles of negative equity. Selling now while demand is high and before supply increases 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 for many purchasers.

4. Interest Rates Are Rising. According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have shot up to 3.98% which represents a jump of more than ½ point since the beginning of the year. Even those trying to be the voice of reason on this issue are projecting higher rates. For example, Polyana da Costa, senior mortgage analyst at Bankrate.com said: “Rates are unlikely to keep going up so quickly and should remain below 5%.” 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. It’s time To Move On With Your Life. Look at the reason you are thinking about selling and decide whether it is worth waiting. Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should? You already know the answers to the questions we just asked. You have the power to take back control of your situation by putting the house on the market today. The time may have come for you and your family to move on and start living the life you desire. That is what is truly important.

6. Downsizing. As you have no doubt heard by now, Baby Boomers are starting to retire (or have already retired) in droves. Most, if not all of these folks are empty-nesters that still own their large, family houses with 4+ beds and thousands of square feet of space making it a pain to clean, heat/cool or get around it. In addition, some of these houses may not have been updated since they were originally bought or had minimal upgrades done throughout the years. Instead of dealing with repairs and hauling away unwanted items, another option is to work with an investor who is only concerned with the potential of your house, not how it looks today. Another benefit, is that typically no repairs are needed and you can leave everything you don’t want behind!

7. Job Relocation. Congratulations! You or your husband/wife just got promoted to a manger position – unfortunately, that involves a move across city lines. There are two options in this scenario: A) You are lucky and the promoted spouse can move to the new city and start work while the other spouse can stay behind and deal with logistics of moving and selling their house ASAP. B) You live alone and the prospect of trying to sell your house from other city/area code sends you into a panic attack! Neither of these situations is ideal and this is where the quick closing ability of investors helps homeowners – by being able to close in two weeks or less, it can help keep your sanity and give you money for your next home purchase.

8. Investors Are Buying. There are many bargain hunting investors out there looking for great deals on properties. With today’s economy, this is a great time to purchase a property!

9. Upgrade To A Better-Improved Neighborhood. With the reduction in home prices lately, there are desirable homes in terrific neighborhoods all over!

10. Get More While You Can. In an uncertain economy, it is better to sell earlier rather than later when market prices fall even further!