Tis The Season....To Sell Your Home
That's right. Now is an ideal time to list your home for sale before winter is upon us. During Fall, many people take inventory of their lives and begin to make decisions on where they want to be in the new year. Of course many sellers will delay, and wait to list their homes during the "spring selling season," but if you are serious about making a move there are several reasons to do it now.
Serious Buyers Are Looking Now. Buyers looking to call Lakewood home remain active. Buyer traffic at Open Houses remains strong, agents are reporting strong showing activity for their listings, and interest rates remain near historic lows (with indications rates will go up sooner than later). Sellers need to understand that buyers who are willing to look at this time of year are serious buyers who want to make a purchase. Lakewood remains an active, hot market. As of November 19th, 423 single family homes have transferred ownership!
Inventory Is Low, There Is Less Competition. As of November 19th, there were only 71 single family homes for sale in Lakewood. Back in the day (read "The Crash") there were over 300 homes for sale! Simply stated, there just are not enough homes for sale to meet the buyer demand, especially in Lakewood. As we head into the spring market, inventory will increase and buyers will have more options. Less competition means sellers are more likely to get their asking price with few strings attached. Lakewood barely has a 2 month supply of homes on the market.
It Is The Perfect Time to Move Up. If you have been thinking of moving up to a larger, more expensive home now is the ideal time to do so. As a seller you can take advantage of low inventory with strong buyer demand, and as a buyer you'll benefit from low interest rates. Your ideal "move-up home" will cost you more in price as the market continues to appreciate, as well as more in interest over the life of the loan with rates expected to rise by the end of 2016.
If you've been contemplating making a move, take a look at neighborhood values and activity at www.HomeValuesInLakewood.Info. Take advantage of the demand for homes in Lakewood. Call a professional agent and ask for a Highest Price Analysis. If you can commit to keeping your home "show-able" during the holidays, now very well may be the best time to sell your home!
Chris Bergin is a licensed real estate agent with Berkshire Hathaway Lucien Realty in Lakewood and can be reached at Chris@ChrisBergin.com.