Top 5 Reasons Selling a Home in the Summer is Best

Home / Home Selling / Top 5 Reasons Selling a Home in the Summer is Best

Top 5 Reasons Selling a Home in the Summer is Best

Homeowners who are thinking of selling a home in the summertime are in luck. With the inviting weather, now is a very popular time for potential buyers to be out looking for their dream home.

Summer is a great time to sell. The following are the top 5 reasons why:

1. Demand is High

The National Association of Realtors (NAR) released their Buyer Traffic Report, which shows that buyers demand remains high across most of the country. Potential buyers are ready and willing to fight for their dream home, and those thinking of selling a home should definitely take advantage of the current market.

2. Less Competition in the Market

The NAR’s Existing Home Sales Report explains that the 6-month supply of homes that is generally needed is still lower than normal at 4.7 months.

The report explains that the housing market does not have enough inventory to meet the demands of home buyers. This is great news for those hoping to sell in the near future; however, its best to capitalize before inventory rises.

Many homeowners have desired to sell for a few years; however, negative equity made the task difficult. Fortunately, as real estate values have improved more homeowners are going to receive positive returns along with the ability to purchase that dream home. Selling a home in this market is certainly a good idea.

The foreseen changes in the market are also improving the confidence of builders in the market, resulting in new constructions of single-family homes to reach record-breaking levels by 2017.

Top 5 Reasons Selling a Home in the Summer is Best

3. Quick Home Selling Process

According to Fannie Mae, it is anticipated that home sales will exceed those numbers seen in 2007 by the end of the summer. As the housing market strengthens more loan inquiries will be needed, which will cause closing-time lines to lengthen. Selling a home now will make things easier and much quicker.

4. Now is the best time to Move Up

If you are thinking about upgrading to a larger home, now is a good time to start house searching. Home prices are projected to increase as much as 5.3% over the next year based on research by CoreLogic. This may cost you more in both the down payment and mortgage payments if you put off your search for too long.
You should consider that you may still be able to lock-in a 30-year housing expense with lower than a 4% interest rate in today’s market. In the next 12 months it is projected that rates will increase by a full percentage point.

5. It’s Time to Look Forward

There are a lot of factors that may be holding you back from selling, but is it worth waiting in this market? Consider all of the reasons you want to sell and whether those reasons reflect what you can achieve in today’s market.

Selling your home in Uptown Charlotte this summer could be the best decision you make for you and your family. With the market still on the seller’s side, it’s important to take advantage and sell your home quickly and at the price you want.

Questions? Feel free to get in touch with us at Showcase Realty at 704.997.3794 or message us here! Why should you trust Showcase Realty to sell your home? Be sure to read Nancy Braun Sells 33% Faster than the Average Real Estate Professionals – But How?

Your Home is guaranteed to sell within 120 days or I will pay you $2,500. *some conditions apply*

Recommended Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt

Start typing and press Enter to search

Foreclosed Homes Decreasing, Freeing Homeowners of Negative EquityWhy You Should List your Home for Sale Now!