5 Reasons Selling A Home Now Makes Sense

Many home owners are currently waiting until Spring to put their home on the market. Their thinking goes along the lines that everything always looks best when the grass is green and flowers are in bloom. A home will surely be easier to sell if that is the case.  But you may want to rethink about selling your home NOW this year.

Here are 5 reasons we think you should list your home for sale NOW!

Home Inventory at Record Lows

The inventory of homes for sale throughout Colorado have dropped substantially over the last six months. The number of homes for sale in most communities has fallen to lows we have not seen for many years. When home inventory levels drop, home prices tend to rise. This will become even more prevalent in a more desirable neighborhood where buyer competition is normally high. There are more than likely going to be bidding wars on every home listed.

Demand is Up For Homes

Contrary to what some people may think there are lots of buyers out in the market place right now looking for a home. We have several. Some are first time buyers who are looking for a place to build some equity. There are others who see an opportunity to “move up” in the market as home prices have dropped substantially since the market peak in 2005.

Renting vs. Buying

In this area, the monthly payments on a purchased home are very close to the same as renting when tax benefits are considered. Rents here have steadily increased while home prices have dropped. Home ownership makes complete sense if a down payment can be attained.

Interest Rates Creeping Up

Interest rates have begun to inch up from their historic lows, and predictions are that they will continue the slow upward movement.

New Construction Starting Up Again

In and around Denver builders are starting to get back into the fray. When builders are actively building homes it becomes harder for some who are selling their used homes to compete. There are many that will jump at the chance to have a shiny new home with all the bells and whistles customized to their specific needs. When new construction is limited, previously owned homes are all that there is for buyers to consider.

As you can see, if there are no time constraints on your part you should consider moving up your time frame for putting your home up for sale. All the conditions are optimum for sellers to get the most they possibly can from a March sale. As always, Keenan Real Estate would like the opportunity to discuss listing your home.  Maybe you are just curious about your current home Value, you can find it here at Home Value Colorado all you need to do type in your address.  We will help you every step of the way. Contact us today!