Contact

10244 River Road, Potomac, MD 20854
301-349-7800 [email protected]
Do you want content like this delivered to your inbox?
Share
Share

5 Reasons You Should Sell This Fall!

John P.R. Lee

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Experienced -  A top real estate agent licensed in Maryland and team leader of the Crawford & Lee Team serving Maryland, Virginia, and Washington DC ...

Sep 30 5 minutes read

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now 

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon!

Historically, a homeowner stayed in his or her home for an average of six years, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all that they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the average time it took to close a loan was 44 days.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The abundance of inventory available in these higher price ranges has created a buyer’s market for anybody looking to purchase these homes. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!

According to CoreLogic, prices are projected to appreciate by 5.1% over the next year. 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.

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 feel you should?

Only you know the answers to the questions above. You have the power to take 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.


REALTORS® Confidence Index

This report is a key indicator of housing market strength based on a monthly survey sent t...

Read More

Buying This Summer? Be Prepared for Bidding Wars

Let’s get together to discuss our exact market conditions so that we can help you create...

Read More

Existing-Home Sales

The Existing-Home Sales data measures sales and prices of existing single-family homes for...

Read More

How A Lack of Inventory Impacts the Housing Market

If you are thinking of selling, now may be the time. Demand for your house will be strong ...

Read More

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!

If you are one of the many Americans who is unsure of how much equity you have built in yo...

Read More

Getting Pre-Approved Should Always Be Your First Step

Many potential home buyers overestimate the down payment and credit scores needed to quali...

Read More

Dreaming of a Luxury Home? Now’s the Time!

The best time to sell anything is when demand is high, and supply is low. If you are curre...

Read More

What's My Home Worth?

Find the value of your home in the Maryland, Virginia and Washington, D.C  real estate mar...

Read More

Thinking of Selling?

We have the experience you need. Don't sell for less than you deserve. We can show you how to achieve the best price possible.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info