5 Reasons to List Your Home NOW!

 

Waiting for the Spring "buying season" to list your home?  Here are five reasons why that might not make sense this year:


1.) Demand has not gone down in 6 years


Since 2007, Denver CO has ALWAYS sold about 4,000 homes per month, even in the worst market in 2007, per Metrolist.  You could make an argument that demand will increase in 2013, as the economy improves and buyers are more optimistic about the world.  

 

2.) Supply Is Extremely Low

The monthly supply of houses for sale is at its lowest point (4.4 months) since May of 2005...actually at over a 20 year low.  Historically, inventory increases dramatically in the spring. Why wait since the demand is high?.

 

3.) New Construction Is Coming Back

Over the last several years, most resale homes did not have to compete with a new construction down the street. As the market is recovering, more and more builders are jumping back in, and the hammers are already starting to fly! New construction will only keep resale pricing down and increase days on the market.

 

4.) Interest Rates Are Projected to Go Up

Interest rates have already gone up from the lows of the fall of 2012, and are projected to inch up approximately one full point in 2013. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

 

5.) Timelines Will Be Shorter

The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year, so timetables will be shorter now.


6.)  BONUS REASON:  Colorado Dream Properties needs more listings right now!!  We are looking for home listings in Parker, Castle Rock, or Elizabeth CO...yesterday!