1. The Most Serious Buyers Are Out Now
Most people realize that the housing market is hottest from April through August. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. These buyers are ready, willing and able to buy...and are in the market right now!
2. There Is Less Competition Now
Housing supply always grows from the spring through the early summer. The choices buyers have will continue to increase over the next few months. Don't wait until all the other potential sellers in your market put their homes up for sale.
3. The Process Will Be Quicker
One of the biggest challenges of the 2014 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. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker and simpler.
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 over 19% from now to 2018. 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. Interest rates are still at historical lows. Rates are projected to be well over 5.50% by this time next year.
5. It's Time to Move On with Your Life
Look at the reason you decided to sell in the first place and decide 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?
When You List with Smoot, You Sell with Smoot
With over 9 years in the business I offer my clients the most comprehensive representation in Maryland. Not only am I a REALTOR, but I also hold a Broker's license, which is the highest and most specialized license a REALTOR can hold. Customer Service is my Priority, Selling Houses is My Goal! Contact me for any and all of your Real Estate Needs. 443-504-8930