Groundhogs dayPunxsutawney Phil predicts six more weeks of winter. Since most people list their homes for sale in spring, this is the perfect time to sell yours. Here’s why*:

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.

*Information courtesy of KCM – Keeping Current Matters.

Jan
25

New listing!

2101 Mountain Street Carson City 42101 Mountain Street, Carson City!

3 bedroom, 2 bath home with over-sized 2 car garage – could accommodate 4 smaller cars, motorcycles or allow for plenty of storage or workshop area. Exterior of home is permanent siding and brick exterior Updated low-maintenance landscaping completed in 2015 front and back with decks and patios in backyard to allow for easy outdoor living. Bathrooms (2014 and 2015), kitchen (2015) and doors throughout home have been updated. Roof was replaced in 2014 with gutters and downspouts. HVAC and Heating system was replaced in 2010. Tankless water heater installed 2015. New triple pane windows installed. RV parking on north side of home with 220 hook up. Shed stays can be moved to accommodate RV. Visit this property  and others here.

LIFE IS GOOD. We have our families, our friends and the freedom to be whatever we want to be. As we get closer to Thanksgiving, I’m grateful for all that we have, and I am especially grateful to my clients and their families. You are why I do what I do. Thank you from the bottom of my heart.friends sharing coffee, smiling

From my wonderful friend, Kymber Estes:

“There once was a REALTOR® named Ginger,
Who makes it her goal to befriend ya.

She searches full steam, once she knows all your dreams,
And doesn’t stop til she hands you the keys.

We couldn’t even imagine of owning a house in the hood,
But then Ginger calls to say, “We’ve closed on your dream home, Life is Good.

As move in, she calls to check in,
Our amazing REALTOR® has morphed to our lifelong friend.

Years have gone by, birthday cakes and Thanksgiving pies,
Ginger continues to put sparkles in our eyes.”

Thank you Kymber, and all of you for helping to make MY life good!