Top 5 Reasons Why Now is a Great Time to Sell

This information was presented on Getting Real with Real Estate WOKV 104.5.  Listen to the audio here

1. THE MARKET IS ON IT'S WAY BACK 

 This year alone we've seen 12,240 sales through the multiple listing service alone. Ths number does not include new construction sales.  New contruction homes are UP 6% from last year and we aren't even through with 2014 yet!  People are buying homes and homes are selling quickly!  We talk about how our listings come on and off the market so quickly and this is one of the reason why.

2. SHORT SALES & FORECLOSURES ARE FEW AND FAR BETWEEN!

 Short Sales and Foreclosures are now few and far between.  Gone is the day of the short sale/foreclosure DEAL.  Many of the short sales and foreclosures need a lot of work.  The money you may feel like you're saving on the purchase you have to turn around and put into the home to improve it or make it livable.  You  may as well save your time and sweat equity and purchase a home that already has everything you want.  In the long run you get exactly what you want and potentially save money. 

3. LOAN QUALIFICATIONS ARE CHANGING

 Loan qualifications are changing in all kinds of ways!  On August 16th Fannie Mae is changing the wait time for people who've had to go through a short sale and want to purchase another home.  Instead of a 2 year wait taht is currently in state, the wait time will increase to 4 years.  So if you're close -- get your application in and get pre-approved BEFORE August 16th!  Your credit score doesn't HAVE to be perfect!  Lenders are looking for and average 600 credit score.  When most people think of a conventional loan they automatically feel like they HAVE to have 20% to put down.  However, there are now conventional loans that have 5%, 10%, and 20%.

With loan information changing it's always great to have a real estate and loan professional on your side to make sure you have the most up to date information!  Not to mention interest rates have been at all time lows!  It can't get any lower and the only way is up! 

4. List to sale prices are 92-97%... So what?!

 Gone is the time of major negotiations.  The market dictates the price.  Agents have very little negotiating room when making an offer to purchase a home.  This is directly related to homes that are priced well.  Which in turn focuses on why it is so important to NOT overprice homes.  The market will tell you very quickly if it's priced out of the market. So what? Programs such as the Certified Pre-Owned Program can assist you in making sure your home is set up to sell.

5. Take CHARGE of your home sale & purchase!

 Take charge of your home sale & purchase by utilizing all of the offers available. Be sure to research the professional that you want to work with. Keep in mind: Who has the best and most options for you? 

Here are some examples of Great offers:

• Buy New Sell For Free 
• Free Appraisal and Inspection - Selling Soon 
• Rewards for Heroes 

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This information was presented on Getting Real with Real Estate WOKV 104.5.  Listen to the audio here

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