4 Reasons To Move Up To Your Dream Home This Spring
4 Reasons To Move Up To Your Dream Home This Spring
Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider listing your current home and moving up to your dream home now, instead of waiting.
1. Buyer Demand is High & Inventory is Low
Recent numbers show that buyer demand is at the highest peak experienced in years, and inventory for sale is at a 4.5-month supply, which is still markedly lower than the 6 months needed for a historically normal market.
Demand in many markets is far exceeding the supply, and more properties in Marchsold in less than 30 days(42%) than in any month since last July.
Listing your home today can greatly increase exposure to buyers who are out in force and ready to act.
2. Prices Will Continue to Rise
CoreLogicrecently released their latestHome Price Indexin which they predict that national home values will appreciate by 5.3% by this time next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting for your current home’s value to increase before selling could price you out of your new home if you aren’t careful.
3. Mortgage Interest Rates Are Still Near Record Lows
Interest rates have remained below 4% for some time now and are substantially lower than the rate previous generations paid when getting a mortgage.
TheMortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtorsare in unison projecting that rates will rise over the next 12 months.
An increase in rates will impact YOUR monthly mortgage payment. Even an increase of half a percentage point can put a dent in your family’s net worth. Whether you are moving up or buying your first home, your housing expense will be more a year from now if a mortgage is necessary to purchase your home.
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But, what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide whether it is worth waiting. Have you always wanted to live in a certain neighborhood? Would a climate change be just what the doctor ordered? Would you like to be closer to your family?
If the right thing for you and your family is to move up to the home of your dreams this year, buying sooner rather than later could lead to substantial savings.
Author:Tim Walsh Phone: 703-447-2236 Dated: May 17th 2016 Views: 371 About Tim: I work full time in Real Estate. We created Your New Home Team to focus our energies in creating smo...
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NorthernVAHomesForSale.net We are a new and growing team of professionals with one goal in mind - to be the #1 trusted advisor(s), confidant(s) when it comes to buying, selling, building or investing in Northern VA for our clients and community. Our unique backgrounds, dedication, experience and commitment pours into everything we do. We believe in integrity and wrap our values and approach around betterment of our clients and community - every day.
Even though we are a group of agents working individually, we focus on a team support approach where each agents specialty, expertise, passion is focused on areas they want to serve. We each focus on areas we know well - whether those are areas we have lived in, focused on or have extensive experience in. Each agent utilizes the same Marketing Services offered by a Dedicated - Full Time certified marketing Professionals focused on ensuring our Marketing is leading edge and our listings get Maximum Exposure. We have a full time, dedicated marketing team so each agent can spend more quality time with dedicated clients and not have to manage all aspects of the business. Our transaction coordinator combs through documents and contracts to ensure all paperwork is properly completed and ready for smooth transaction.
You can review our agents profiles and pick the one that resonates best with you. You will see each agent offers unique background, experience and expertise.
As you will see in our website(s), videos and marketing - we strive to offer the leading edge systems that bring results and offer advantage to our clients. We know some clients out there don't know what they don't know and what they might be missing. Our philosophy is to educate, inform, empower and protect our clients’ interests. Utilization of latest technologies make it convenient and powerful to make informed decisions - after all, we believe this process is more than just a sale, more than just a transaction - it is a new beginning, a new relationship. We welcome you to become part of the communities we live and proudly serve in and are truly grateful in being a part of a live transforming event.
As you browse through our websites and marketing materials, you will experience the type of technology, approach, marketing we utilize. We also do more behind the scenes. If you would like to find out more about our agents, marketing team, our approach, our multi-channel marketing and how it can help you with your home purchase, sale or investment, give us a call today or.. Chat live with one our team members on our websites.
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"“Jeff is an amazing realtor! He goes above and beyond. I was going through a divorce, so Jeff had to deal with me and my ex-husband. I was rather emotional and Jeff was extremely helpful, guiding me through the entire process and explaining each and every step in detail. We had some repairs that needed to be done and Jeff was able to assist me in finding the right contractors to do the job. He was relentless in his efforts, open houses, online tours, listings, broker open houses and more! We accepted an offer and discovered shortly thereafter we had a buyer from hell. This buyer was extremely demanding and the buyer's realtor couldn't control her own client. Jeff was able to deal with the buyer and his realtor, through his extraordinary efforts and expertise, so we were able to get through to settlement and close on the sale. If that wasn't enough, the purchase of my new condo wasn't going smooth either. With Jeff's tremendous experience, he was able to turn the roadblocks into an amazing deal for me! I hate to think about how many hours he spent on my sale and purchase...it was insane! I honestly don't think I could have gotten through the sale of my townhouse or purchase of my new condo if it wasn't for him. And I can't thank him enough. He's the only one I'm going to call when I'm ready to move again, and I'll be recommending him to everyone I know!! Thank you so much, Jeff! You are truly amazing! “
Laura Crossley, CEBSC Global Benefits Manager at Indivior