5 Great Reasons You Should Sell Your Northern Utah Home Now
Many sellers think spring is the best time to place their home on the market as there are more buyers looking at that time of year. However, the winter season has its own advantages. If you are thinking of putting your home on the market, don’t delay, below are five good reasons to sell your Northern Utah home now.
Buyers Purchasing This Time of Year Are Serious
This time of year, only those buyers who are seriously interested in purchasing a home will be in the marketplace. There won’t be a bother or inconvenience by mere “lookers”. They are too busy shopping and enjoying their holiday season.
Competition Is Far Less
The supply of houses always drops dramatically during the holiday season. This year may be a little altered due to the foreclosures and short sales that continue to enter the market. However, for those buyers looking for a non-distressed property, the selections will be restricted. Don’t do what everyone else is doing and wait until spring when the competition is steep.
Quicker Closing Process
One of the biggest challenges of the 2012 housing market has been the length of time it takes from the time you make and offer and actual close on your home. Financial institutions have been busy with both purchase and refinancing loan requests. Both of these will dwindle in the winter reducing timelines and the frustration these delays cause both buyers and sellers.
Awesome Time to Move Up in Utah
If you are considering moving up to a larger, more expensive home, consider doing it at this time. According to NAR, home prices nationally are expected to increase 10 percent cumulatively over the next two years, Northern Utah home appreciation should outpace the rest of the nation in appreciation. If you are moving to a higher priced home, it will cost you more in actual dollars (both in down payment and mortgage payment) if you wait. With the historically low interest rates, you can lock in your low mortgage payment now. These rates are not expected to remain as low in the years to come.
It’s Time to Take the Next Step
Consider the reason you wanted to sell in the first place and decide whether it is worth waiting? Is it because you want to live closer to work so you can spend more time with family? Do you want to move to a different location or better school system for your children? Whatever your reason, you have the power to take control of the situation now. The time is right to take the next step and get your Northern Utah home listed and sold!
Please give us a call today at 801-560-2762, we can help!
By Lynette Foulger