No Matter what the Groundhog says...

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!

 

Is spring closer than we think? Depending on which groundhog you listen to 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 homes 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 who are out, physically looking at homes right now. The latest foot traffic numbers from the National Association of Realtors (NAR) show that the number of buyers out looking for their dream homes in December reached the highest mark since February 2016.

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 inventory just dropped to a 3.6-month supply, which is well under the 6-month supply 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 four years. Many of these homes will be coming to market soon.

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 for this other inventory to come 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 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 4.7% 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 around 4% right now. Rates are projected to rise by half a percentage point by the end of 2017.

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.

KCM

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

Ever wonder what a difference an interest rate can make to your buying power?

Interest rates, along with other factors such as your income and credit score, determine the maximum loan amount you can be approved for.   This graph helps put it into perspective!

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

SOLD by Rosalyn. 3859 Olentangy Blvd. $562,500. →

3859 Olentangy Blvd. Exciting executive style Cintonville ranch home on the park, wooded lot!  Click on the title link for the photo album!

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

Central Ohio Building Permit Numbers

One of the ways to guage how the market is performing, is to track the number of new build permits that are issued.  For Franklin County, in 2016, there were 1,191 total single family building permits issued, in all municipalities.  These are numbers reported through October.  Delaware County issued a total of 818, in all municipalities.  Delaware County issued 113 multi-family building permits in the same time frame, while Franklin County issued only 20.  

- source is Building Insider Magazine, January/February 2017 issue  

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

The January 2017, Real Estate Market Report is Ready to View! Click Here to download the pdf... →

Each month, KCM compiles data and market statistics nationwide, in order to put together a snapshot of the current real estate market.  This report is for those who love data, graphs, charts, and numbers.  It includes information from multiple chief economists, Fannie Mae, Zillow, and a host of other sources.  

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

SOLD by Rosalyn. 660 Glenmont $465,000. →

660 Glenmont, a lovely Cintonville two story home, with many updates, and a large yard!  Click on the title link for the photo album.

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

2016 Central Ohio Housing Report →

2016 was a very active year for real estate here in central Ohio!  Our board covers 13 counties.   Franklin and Delaware counties saw really impressive numbers.   Check out the report from our board of Realtors, just click on the blog title.  

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

5 Reasons to Use a Full Time Realtor

Regardless of your experiences in the past with other agents or discount brokerages, consider how the current market should affect your decision in handling what might be your most valuable asset.  For one of the most important financial transactions in your lifetime, hire a Realtor with experience and a proven track record to maximize your gains.  

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

Click Here to View Your Guide to Selling Your Home →

Navigating the market can be tricky.  Stay informed, and choose an agent you trust who knows the market.

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers

View Your Home Buying Guide Here →

Click on the title link to download the PDF.

#realestate, #home, #welcomehome, #house, #ColumbusOH, #columbusOHrealestate, #mynewhome, #myRealtor, #mynexthouse, #mynexthome, #findmyhome, #findmyhouse, #MyColumbusRealtor, #columbusohiorealestate, #myhomerenovation, #columbusohiocontractors, #columbusOHrenovation, #homerenovationcontractors, #mycolumbuscontractor, #renovatemyhome, #remodelmyhome #columbusohioremodelers