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home selling 2017

4 Reasons to List Homes at the Beginning of 2017

The housing price hike across the country was 6% on an average last year. However, the price hike is likely to remain between 3% and 5% in 2017. With a low inventory and rise of interest rates at the end of 2016, it’s almost certain that the housing stock will grow bigger this year.

So, if you have been planning to sell your home in 2017, it’s the best time to get cracking. Besides, starting early by listing your home at the beginning of the year will give you some advantages. Here are four of them:

It’s the Best Time to Move Up

If the reason for selling your home is to shift into a larger home, this is the right time to do it. There’s a speculation in the real estate market that the new Trump administration could force buyers to pay bigger down payments. Besides, home prices are also projected to increase this year. So, all the buyers will have to pay more in down payments and mortgage payments if they prefer to wait longer. It will also result in declining the number of eligible buyers.

Obviously, it could all just be a speculation, but you have nothing to lose except for gaining if you act fast.

The Competition is Lower Now

The inventory is still low in many areas where the number of buyers is more than the number of available homes. However, if you wait for a long time, additional inventories will be added to the market.

The increase in real estate value over the last two years has brought back the positive equity. So, many homeowners who could not sell their homes in the last few years are likely to list them in the upcoming summer. Besides, many builders have invested in the market, and the construction of single-family homes is continuously growing.

So, if you have a lovely home in a safe neighborhood, listing it early when the inventory is low will make the buyers lining up for purchase.

There’ll be More Serious Buyers Now

Buyers who hit the streets searching for a home in the dead of winter are serious customers or people who are in some urgency. Folks moving to another state or city, having a new job offer, or getting transferred to a new city will need to get in a home fast. Whatever their need is, these buyers are likely to make a reasonable purchase offer if they find a suitable home.

So, list your home before the spring starts and it may catch the attention of those serious buyers.

Interest Rate could Increase

The interest rates can rise this year. The rates have been low for a very long time. But, they started to tick up at the end of 2016. If the trend continues, it will increase the cost of the overall mortgage payments, causing the real estate market will see a drop in the number of buyers.

So, if the homebuyers think that the rates are going to rise more, they will hurry up rather than loitering more and paying higher mortgage payments.

Most sellers regret about not acting fast and listing the home when the time is favorable. So, do the renovations if your home needs any and get your finances in order when the market is right.

holiday-home-listings

Unique Benefits of Listing Homes during Holidays

Is anyone going to buy a home between Thanksgiving and New Year’s Eve? Most homeowners believe that potential homebuyers will be busy doing parties, shopping, or spending their vacation in an exotic destination. Read More →

natural-disaster-insurance

Disaster Insurance Cheat Sheet Every Homeowner Must Know

Hurricane Matthew wreaked havoc in the Southeast coast for four days and left billions of dollars in damage in its trails. Homeowners, especially those living in Florida, Georgia, South Carolina, North Carolina, and Virginia, are now probably busy estimating their losses and reviewing their policy to find out how much they are covered.

A standard insurance policy helps you to be prepared for bad occurrences and natural catastrophes. Read More →

brexit

How Brexit will Affect the U.S. Housing Market?

Britain has decided to leave the European Union (EU) on June 23. The event known as Brexit was a political decision but the outcome is now roiling the global market – both politically and economically. Considering economically, the real concern of the United States is if Brexit has anything to do with the U.S. housing market. Well, everything is uncertain and no one really knows for sure what’s coming next.

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design-features-sell-home-faster

Selling Your Home? Know What Features will Sell It Faster

Have you ever wondered why there’s a big difference in the prices of two almost similar homes in the same neighborhood? It’s now quite established that certain features such as amenities and design styles can impact the sale price of a home and help it get sold very quickly. If you’re a seller, get to know what features will sell your home faster:

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