Many now realize that
it is a great time to sell your home in Spring Hill, TN. It might also be an
opportune time for buyers to find their dream home. Here are the five
reasons why I believe now would be a perfect time to put your house up for sell
in Spring Hill, TN.
1. Not Enough Homes to Fulfill the Demand
(NAR) The National
Association of Realtors released a report on the most recent Existing Home
Sales and it show a double digit percent increase in sales year-over year;
sales have remained above last year’s levels for over 25 months. There
are buyers out there right now and they are serious about purchasing. The time
is now to sell your home in Spring
Hill, TN. With less than a 3 months’ supply of houses being listed now is a
great time to sell your home in Spring Hill, TN.
2. Supply Is Beginning to Increase. Why Wait?
Total housing
inventory is slowing beginning to rise. Across the nation we have seen supplies
approaching historic norms of a 5 month supply compared to the recent less than
3 months supplies. Many expect inventory to continue to rise as 3.2
million homeowners escaped the shackles of negative equity in the last 12
months and an additional 1.9 million are expected to enter positive equity in
the next 12 months. Now is a great time to sell your home in Spring Hill, TN while demand is
high and before the supply increases now is the time to sell because it may bring
you your best price. Feel free to contact Tiffany Bethmann at Keller
Williams your local Spring Hill, TN Realtor. Tiffany Bethmann is known
as not your typical Realtor and would be happy to help you and your families
evaluate your situation and determine if now is a great time for you to sell
your home in Spring Hill, TN.
3. New Construction Is Coming Back
Over the last several
years, most homeowners selling their home did not have to compete with a new
construction project around the block. In Spring Hill, TN we have over five
plus new home construction developments. So why wait to compete with the new
construction and unbeatable incentives the offer in the spring time? Now is a
great time to sell in Spring Hill, TN. As the market is recovering, more and more
builders are jumping back in. These ‘shiny’ new homes will again become
competition as they are an attractive alternative for many purchasers.
4. Interest Rates Will Again Rise
Interest rates for a
30-year mortgage have softened recently; however most experts predict that they
will begin to rise later this year. The Mortgage Bankers Association,
Fannie Mae, Freddie Mac and the National Association of Realtors are in sync forecasting
that rates will be up almost a full percentage point by this time next year.
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. Just one more reason why now
is a great time to sell and buy in Spring
Hill, TN.
5. It’s Time to Move On with Your Life
Before selling or buying a home in Spring Hill, TN you should always
take a look at the reason you are thinking about selling and decide whether it
is worth waiting. I typically suggest to my clients to ask themselves
these questions depending on their situation. Is the possibility of a few extra dollars more
important than being with family; more important than your health; more
important than having the freedom to go on with your life the way you think you
should?
Typically we all would
answer the questions the same. Well right now in Spring Hill, TN you have the
power to take control of your situation by using the market to your advantage
and selling now. I hope these five reasons will help you in making the decision
on why now is a great time to sell in Spring Hill, TN.
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