5 Insights Sellers Need in the Spring 2014 Market
The spring housing market is in full swing. And while Real Estate agents may be fully aware of the state of this year’s emerging housing market, home sellers may not be. Here are 5 market insights that will give you a head start!
Right Now = A Great Time To Sell
The winter home selling season was crippled by the polar vortex, especially in the east and northeast, so there’s pent-up demand from buyers who’ve been waiting for better weather to brave the house hunt. Mortgage rates are still at historic lows, so buyers ARE poised to buy and ready to hit the streets.
Know your numbers – 60%
Putting your home on the market at the beginning of the selling season will help sellers chances of snagging a winning offer before buyers turn their attention back to school starting in September.
Bidding Wars Aren’t Back (Phew!)
Bidding wars were common in the summer of 2013, but we’re hearing less about them right now. Sellers can’t bank on fielding two or three offers at once. There is, however, a good chance that a seller will still get the one that will be a win/win for both you and the buyer.
It Pays To Be Ahead Of The Curve
Trying to get a jump on the competition? Right now we’re on the cusp of prime selling and buying season, and sellers who list soon, will have less competition than those who put their house on the market in May or June, when more homes will flood the market. Since it’s still early, every home can have its ‘moment in the spotlight’ more than it will when inventory increases.
Make It Pop Off The Computer
(Or Smartphone) Screen!
In this new mobile era, a huge percentage of buyers use smart phones to start their home search online. And that percentage is expected to rise this year as more buyers take advantage of easy access to the wealth of information online. Get in on this trend by making sure the home pops on those computer screens. Sellers should heed the advice of their agent and take the time to beef up their online listing so the quality of the home jumps off the screen and gets buyers’ attention.