The South Coast Real Estate Round-Up

Spring is closer than you think! Punxsutawney Phil may have predicted another 6 weeks of winter today, but that does not mean you should wait until spring to put your home on the market. Many sellers feel that the spring is the best time to put their home on the market, however getting started now has it's advantages.

Reasons to Start Now.

Demand is Strong.
Technology has made it easier to track just about everything. One of the ares tracked in real estate is foot traffic. Foot traffic refers to the number of people out looking at homes. The numbers show that right now there are more people out looking at homes than any other time this year, including last years spring market. Making right now the perfect time to put your home on the market. 

Less Competition.
Let's face it, if most homeowners are waiting until the spring to put their home on the market it stands to reason that you will have less competition now. In addition, we know that inventory has dropped from this time last year meaning that in many cases there simply is not enough homes for the buyers in the market. If putting your home on the market now means less competition and more money in your pocket, why wait until spring?

The Process Takes Time.
A challenge the real estate market is facing is the length of time it takes to complete a transaction. Banks are requiring more and more paperwork before approving a loan. For this reason, many buyers who want to move in the spring, are starting earlier.

You Are Ready to Buy When There is More Inventory
If you are thinking of selling and want to make another home purchase NOW is the time to start! By finding a buyer now you are ready to buy in the spring market when there is more inventory for you to choose from. 

There Will Never Be a Better Time to Move Up
As the real estate market improves mortgage lenders become more confident in the market and loosen credit standards. The availability of more credit means more families can qualify for mortgage financing. Home price are projected to appreciate over 23% between now and 2019. In addition mortgage rates are projected to increase a full point by the end of 2015. If you are moving up to a more expensive home NOW is the time!

It's Time for New Beginnings.
It's been 7 years since the market crashed making it financially impossible for many homeowners to move on with their life without causing great harm to their credit. Since then market prices have improved and more and more homeowners are finding that they are no longer underwater. Maybe NOW is the time. Consider your reason for selling and whether it is worth continuing to wait. 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 can answer those questions. The great news is you have the power to take control of the situation. Perhaps now is the time to for new beginnings and to start living the life you desire.

That is What is Truly Important.

Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc.