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From   KCM Crew on NewsGeni.us

5 Reasons You Should List Your House Today

 January 28, 2013
the KCM Crew

Many homeowners are waiting until the Spring ‘buying season’ to list their homes for sale. Here are five reasons why that might not make sense this year:

1.) Demand Is High

Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors(NAR) showed that annual sales in 2012 increased 9.2% over 2011. There are buyers out there right now and they are serious about purchasing.

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers.

4.) Interest Rates Are Projected to Inch Up

The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5.) Timelines Will Be Shorter

The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.

These are five good reasons why you should consider listing your house today instead of waiting.

 

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  Island Realty Group is a full-service Real Estate Brokerage licensed to provide real estate services in the State of New Jersey.
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SALES and RENTALS OF NORTH WILDWOOD, WILDWOOD, WILDWOOD CREST and DIAMOND BEACH REAL ESTATE
Joseph Zarroli, Broker of Record
1701 New Jersey Avenue - North Wildwood, New Jersey 08260
Office: 609.522.4999     Cell: 609.402.8900     Facsimile: 866.571.9766

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BuyWildwood.com is the official Wildwood Real Estate website of Island Realty Group, a Real Estate Brokerage specializing in sales and rentals of South Jersey Shore Residential, Investment and Commercial properties from Ocean City to Cape May New Jersey. To help educate both Buyers and Sellers with their real estate needs, BuyWildwood.com also offers comprehensive real estate guides, real estate news, mortgage calculators, links to real estate market conditions, and of course information about Island Realty Group and its team of seasoned agents. If you are in the market for a home, condominium or investment property at the South Jersey Shore Island Realty Group is the Realtor of choice.



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