Selling Your Home: 5 Reasons to do it Now

    There will always be more than 5 reasons to sell your home but we have collaborated on 5 of the most important reasons to put your house up for sale right now. Many potential sellers are naturally still hesitant about putting their house up for sale. What does the future hold? Will there be buyers? If I wait can I get more? These questions, while valid, are shortsighted. There are plenty of reasons to hold on to your home but there are even more reasons for why selling your home right now is the best option for you. So, here are 5 reason s to put your house up for sale today. High Demand Demand is extremely high right now. Every quadrant in Portland has increased their inventory and they still only have, at most, 3 months of inventory. This is a seller’s market that you need to take advantage of because there is currently pent-up demand because sellers put off their search in the winter and spring due to weather. Buyer interest has been renewed and they are looking for houses to buy. Less Competition Like we said, earlier, housing supply is unable to keep up with housing demand. If a balanced market sits at 6 months of inventory then every place in and around the Greater Portland area falls woefully short (and that’s good news for you). 41% of buyers said they would like a new construction while 21% said they would prefer an existing home (38% had no preference). The longer you wait the more new construction homes are built in the Portland area. Quick Process One of the biggest challenges of the 2014 housing market has been the length of time it has taken to close a contract. If you put your house up for sale now while the market is still slow you would be able to take advantage of faster service as there is less for the banks to do. A quick and simple process is far more desirable than a lengthy one. Move-Up Now There simply isn’t going to be a better time to move-up. If you are waiting for the home prices to come back down you will be waiting for a while and have to deal with the price of your own home reducing in price. That is not an ideal situation. If home prices are supposed to appreciate by 19% from now until 2018 then everything you are looking at will be drastically more expensive. Did we also mention that your mortgage rate will also be higher? Moving On It is time to move on with your life. Just look at the reason you are deciding to sell your house in the first place to determine if it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than the freedom to do things as you wish? If you are honest with yourself you will see that putting your house up for sale and moving on sooner rather than later will actually bring you more happiness than waiting.

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