5 Great Reasons To Prepare Now For Your Move In 2015
Be the first to the market to sell. Through the winter months there is typically 30% less inventory and when new inventory comes to the market, as early as late January, it has a captive audience of buyers who have a pent up desire to buy. By the time April comes along, there will be dozens of competing properties hitting the market each week.
Getting your home ready to sell typically takes more time than you think. While some sellers are ready from the moment they want to list, most of us need to finally address the deferred maintenance, cleaning of the “collect all rooms”, and update with some paint, carpet, hardware, lighting, counters, landscaping, and/or new appliances. To develop a strategy, contact your Eleete Team and together we can create a plan that fits within your budget.
Get it done. By having your home ready to sell – even as early as December of 2014 – you will have the ability to be nimble and pounce on your next home. It may appear before your eyes prior to you being ready to sell your own home. With a limited inventory of homes, it is best to begin shopping now, as it could take many months before the right home becomes available. Often times, it is the great home that you lose, that is the home that will propel you to finally get your ducks in a row and be ready the next time.
Interest rates are at 16 month lows right now. In a typical annual residential real estate cycle, rates tend to be lower in the slower months to generate more activity. This provides buyers in the winter with more buying power and the potential likelihood that they can pay more for your home in February than they can, in July, just due to the interest rates. Conversely, once you become a buyer, you too leverage these more attractive rates to either buy yourself more home or lower your monthly payment.
Preparation Expenses are lower. In the summer, finding a contractor can be competitive and getting on their calendar can take weeks. In the winter, contractors and suppliers schedules are typically slower and are hunting for additional business. This leads to better pricing and higher probability of scheduling the job on your terms.