One of the most common questions that I get as a Realtor is, “Is it a good time to list my home?”
According to Fannie Mae’s Home Purchase Sentiment Index, a survey of 1,000 Americans in January this is a great market to be in.
you’ve been waiting to downsize, now that you’re retired or that the kids are all gone; or you are ready for that move-up home; give me a call and I’ll come out and give you a no hassle FREE Market Analysis, so that you can see what your home is worth in today's market as well as provide you with feedback on the things that you might need to do to get it ready.
The answer is YES, now’s a great time to list your home. The listing inventory is at an all time low and the buyers who are out looking are ready to buy.
According to Fannie Mae’s Home Purchase Sentiment Index, a survey of 1,000 Americans in January this is a great market to be in.
- 42% of Americans believe home prices will increase, a month-over-month uptick of 7 percentage points in January.
- 69% of Americans say they are not concerned about losing their job, a 1 percentage point increase from December 2016.
- 15% of Americans say now is a good time to sell, a 2 percentage point month-over-month increase.
- 15% of Americans who say their household income is significantly higher than it was 12 months ago, a month-over-month increase of 5 percentage points.
- 29% of Americans who say now is a good time to buy a home, a 3 percentage drop from December 2016 and a new survey low from May and September 2016.
These points show a favorable market for those considering listing their current homes. This makes it a Seller’s Market; one in which the Seller is in control and likely to get top dollar.
I do advise sellers to not get too greedy. Even in this favorable market, there are still homes sitting on the market for long periods because the owners got greedy and overpriced them.
Listen to your Realtor® and price it properly.
Listen to your Realtor® and price it properly.
Many people decide to wait for Spring and warmer weather to list their homes. That is a mistake, too, in the current market. The old saying to “strike while the iron is hot” should be modified to read “strike while the market is hot” for real estate.
In the spring lots of new listing will come on the market at once, giving the buyers too many alternatives to look at and potentially burying your home in the crowd. List now, so you will stand out in an un-crowded field.
In the spring lots of new listing will come on the market at once, giving the buyers too many alternatives to look at and potentially burying your home in the crowd. List now, so you will stand out in an un-crowded field.
I saw a sign outside a dentist’s office that read “Accepting new clients”. Well, I’m accepting new listings, if you are ready. The market is certainly ready and primed for your home to be listed. If
you’ve been waiting to downsize, now that you’re retired or that the kids are all gone; or you are ready for that move-up home; give me a call and I’ll come out and give you a no hassle FREE Market Analysis, so that you can see what your home is worth in today's market as well as provide you with feedback on the things that you might need to do to get it ready.
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