Thursday January 26th, 2017 For SellersIt is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2016. Here is a graphic showing the results:The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,820,000.That number spiked to 2,140,000 by May!What does this mean to you?With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.Bottom LineIt may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.You might also enjoy reading...2 Tips to Ensure You Get the Most Money When Selling Your HouseIf Your Home Hasn’t Sold Yet… Check the Price!Is This the Year to Move Up to Your Dream Home? If So, Do it EarlyTips for Preparing Your House For Sale [INFOGRAPHIC]
May 15, 2015 For Buyers, Infographics, Interest RatesSome Highlights:Even a small increase in interest rates drastically impacts your budget.Securing a mortgage now while rates are still low means you can get more house for your money.Spend your money on your dream home, not on interest.