Five Signs It’s a Good Time to Sell Your Home
Posted May 10th, 2012 | by The Update
With all the recent news about positive trends in real estate, not only is it a great time to buy, but it’s an excellent time to sell as well:
From Inman News: The best time to sell is when consumer confidence is on the upswing; interest rates are low; unemployment is decreasing; the economic news is mild; and there are more buyers in your local market niche than there are sellers. A high-demand, low-inventory market gives sellers an edge…
Interest rates are currently at historic lows and are expected to stay low for the rest of the year.
Capital Economics, an analytics firm, expects the housing crisis to end this year partially due to lenders loosening credit. According to Capital Economics, one indicator of loosening is that banks are now lending 82 percent of loan-to-value (LTV), compared with a low of 74 percent LTV reached in mid-2010. This means qualified buyers need less cash to buy, which should lead to more sales this year, although higher home prices are not expected.
These positive indicators combined with a drop in homes for sale at the end of 2011 and a decrease in unemployment may provide an opportunity for sellers in spring 2012, provided their homes are priced right for the market.
Head to briggsfreeman.com to learn more about how to take advantage of today’s incredible spring real estate market.