{"id":42253,"date":"2010-10-19T16:10:39","date_gmt":"2010-10-19T20:10:39","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=42253"},"modified":"2015-03-25T20:49:37","modified_gmt":"2015-03-25T20:49:37","slug":"discover-5-timely-reasons-why-now-is-a-great-time-to-sell-your-home","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/discover-5-timely-reasons-why-now-is-a-great-time-to-sell-your-home\/","title":{"rendered":"Discover 5 Timely Reasons Why Now Is A Great Time to Sell Your Home"},"content":{"rendered":"

Selling your house in today\u2019s market can be extremely difficult. It is for that reason that every seller should take advantage of each and every opportunity that appears. Each fall, such an opportunity presents itself. This fall, that opportunity may be just too good to pass up.<\/p>\n

Below are five reasons you should consider when pricing your house to sell in the next 90 days. Meet with your real estate agent and mortgage professional today and see whether it is the right move for you and your family.<\/p>\n

1. Entering this time of year, the buyers are more serious.<\/h3>\n

We all realize that buyers are not quick to pull the trigger on the purchase of a home today. There is no sense of urgency with the supply of eligible properties at all time highs. However, at this time of year, the \u2018lookers\u2019 are at the stores doing their holiday shopping. The home buyers left in the market are serious and are more apt to make a purchasing decision. Less showings \u2013 but to more motivated purchasers.<\/p>\n

2. If you are moving up, you can save thousands.<\/h3>\n

The Chicago Tribune<\/em> stated in an article<\/strong><\/a> last week that sellers who want to \u2018trade up\u2019 should act now:<\/p>\n

It could be a bigger house, different neighborhood or a better school district, but it comes with a higher price tag. Do the math; this might be the right time.<\/em><\/p>\n

A home that was once worth $300,000 may now be worth $240,000 in a market where prices have fallen 20 percent. Wow, you think, the seller is taking a bath. But that seller may also be a prospective buyer who wants a house that once was valued at $400,000. With an equivalent market drop and a realistic listing price, that house may now sell for $320,000. So, in effect, the person is losing $60,000 on the sale of one home but coming out ahead $20,000 on the purchase of another.<\/em><\/p>\n

Keep in mind the spread may be even greater. There\u2019s a smaller pool of potential buyers for more expensive homes, so sellers may be more willing to cut their price to get a deal done.<\/em><\/p><\/blockquote>\n

3. Interest rates just fell again \u2013 to 4.19%.<\/h3>\n

Professor Karl E. Case<\/em>, the founder of the Case Shiller Pricing Index in an article<\/strong><\/a> in the New York Times<\/em> last month actually did the math for us:<\/p>\n

Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833 \u2026 housing has perhaps never been a better bargain.<\/em><\/p><\/blockquote>\n

4. You beat the rush of inventory that is coming next year.<\/h3>\n

Every year there is an increase of inventory which comes to market from January through April as homeowners put their houses up for sale in preparation for the spring market. As an example, here is the number of listings available for sale in each of those months in 2010.<\/p>\n