Strategic Realty

solutions for real estate

  • Buy
    • Search Real Estate
    • Tour Open Houses
    • New Homes For Sale
    • Popular Communities
    • Golf Courses
      • Tetherow
      • Pronghorn
      • Lost Tracks
      • Brasada Ranch
      • Meadows
      • Woodlands
      • Crosswater
      • Awbrey Glen
      • Widgi Creek
      • Rivers Edge
      • Caldera Springs
    • Distressed Property Listings
      • Bank-Owned Properties in Central Oregon
    • Property Taxes for Deschutes County
    • Relocation to Bend
  • Sell
    • Quick Property Valuation
    • Short Sale FAQs
  • Read
    • Press Releases
    • Blog
  • About
    • Our Team
    • Contact
You are here: Home / Blog Posts / 5 Reasons to Sell NOW Before Winter Hits

5 Reasons to Sell NOW Before Winter Hits

By Kerry ONeal

snow

People across the country are beginning to think about what their life will look like next year. It happens every Fall. We ponder whether we should relocate to a different part of the country to find better year round weather or perhaps move across the state for better job opportunities. Homeowners in this situation must consider whether they should sell their house now or wait. If you are one of these potential sellers, here are five important reasons to do it now versus the dead of winter.

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at home right now. The latest foot traffic numbers show that there are more prospective purchasers currently looking at homes than at any other time in the last twelve months which includes the latest spring buyers’ market. These buyers are ready, willing and able to buy…and are in the market right now!

As we get later into the year, many people have other things (weather, holidays, etc.) that distract them from searching for a home. Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing supply is still under the historical number of 6 months’ supply. This means that, in many markets, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.

Also, new construction of single-family homes is again beginning to increase. A recent study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).

The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the 2014 housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. Any delay in the process is always prolonged during the winter holiday season. Getting your house sold and closed before those delays begin will lend itself to a smoother transaction.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate in the low 4’s right now. Rates are projected to be over 5% by this time next year.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps, the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

____________________________________________________________

Share this:

  • Facebook
  • LinkedIn
  • Twitter
  • Email
  • Print

Filed Under: Blog Posts

The Latest

Why You Should Use Strategic Realty’s Property Search Over Zillow or Redfin

All the Listings, None of the Hassle If you're on the … [Read More...]

Why Hiring a Licensed Drone Operator is Crucial When Selling Your Property

IntroductionDeciding to sell your property is no small … [Read More...]

A Guide to Building Wealth with the BRRRR Method in Real Estate Investment

If you're keen on diving into the world of residential real … [Read More...]

Our Fans

Thanks so much for your help on our house purchase. Lynnie and I feel very fortunate we had you as our agent.

Popular Communities

  • Northwest Crossing Homes
  • Tetherow Lots and Homes
  • Sunriver Resort Homes
  • Pronghorn Lots and Homes
  • Caldera Springs Lots and Homes
  • Broken Top Homes for Sale
  • Awbrey Butte Homes
  • Awbrey Glen Homes
  • Brasada Ranch Homes
  • Crosswater Homes
  • Eagle Crest Homes for Sale
  • Eagle Crest Resort
  • Ranch at the Canyons Homes
  • The Highlands Homes and Lots
  • Vandevert Ranch Homes

Office Location

Our full-service brokerage is strategically positioned in downtown Bend, Oregon, close to the city's heart. We invite you to visit us and allow us to demystify the complexities involved in the process of buying and selling.

325 NW Vermont St., #107 Bend, OR 97703

Follow Us

  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

Copyright © 2023

Strategic Realty, LLC – (541) 595-8444

A full-service real estate brokerage licensed in the State of Oregon.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy