Think New Patio Doors This Summer

Friday, November 15, 2013

Recovery to Continue in 2014, Says NAR; Rates and Home Prices Predicted to Rise

"The real estate market will continue its road to recovery in 2014, with home prices rising 6 percent and mortgage rates hitting 5.4 percent. In addition, demand is predicted to plateau, all according to Lawrence Yun, chief economist and senior vice president of Research for the National Association of REALTORS®..."  By Nick Caruso

Friday, November 8, 2013

SD County Home Sales Update

The September 2013 home sales number for SD county are in- no suprises- the median home price was up 1.6% from August to September. The inventory numbers are up .8% from August to September and the number of days a home is on the market is up by .9& from August to September. Given the upcoming holidays and the mortgage rates that are still very good, the time to purchase a home is now. If you are thinking of listing your home do it now as this time of year only folks ready to buy are out looking for their new home! 
  11 Good Reasons Not To Wait Until The New Year To List Your Home
1. People who look at your home over the holidays are serious buyers. 
2. Serious buyers have fewer homes to choose from over the holidays as most sellers take their 
     homes off the market. That means less competition for you and more money for you. 
3. Since the supply of homes will drastically increase in January, they’ll be less demand for your 
     particular home. Less demand means less money. 
4. Houses show better when they’re decorated over the holidays. 
5. Buyers are more emotional during the holidays and tend to spend more money on getting your price. 6. Buyers have more time to look over the holidays and can come during the weekdays. 
7. Some people must buy before the end of the year for tax reasons. 
8. January is traditionally a month where employers have to move so they can’t wait until springtime. 
     They have to buy now so you’re there to capture that market. 
9. You can still be on the market and you can have the option to delay your close or restrict your 
     showings during those six or seven days if you want to celebrate the holidays. 
10.You can sell now for more money and provide a way for you to delay that closing and extend your 
      occupancy until next year.
11. By selling now, you have the opportunity to be a non-contingent buyer for next year when houses 
      are less and you’ll have more opportunities to choose from.