Buying a Home With The South Bay Team Fejeran Lyon Selling A Home 2 | Page 4

5 REASONS TO SELL NOW Many sellers are still TO SELL their house up for sale. Where are prices headed? 5 REASONS hesitant about puttingNOW mortgage? These are all valid Where are interest rates headed? Can buyers qualify for a questions. However, there are several reasons to sell your home sooner rather than later. Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interestof those reasons. Can buyers qualify for a mortgage? These are all valid Here are five rates headed? questions. However, there are several reasons to sell your home sooner rather than later. 1. Demand is Strong There of those a pent-up Here are five is currentlyreasons. demand of purchasers as many home buyers pushed off their search this past winter & early spring because of extreme weather. According to the National Association of Realtors (NAR), the number of buyers in the market, which fell off dramatically 1. Demand is Strong in December, January and February, has begun to increase again over the last few months. There isThese buyers are ready, willing and able to buy…and as many market right now! currently a pent-up demand of purchasers are in the home buyers pushed off their search this past winter & early spring because of extreme weather. According to the National 2. There Is Less Competition Association of Realtors (NAR), theNow number of buyers in the market, which fell off dramatically Housing supply is still under the historical number of 6 months’ supply. This means that, in in December, January and February, has begunsale increase again over the last few months. many markets, there are not enough homes for to to satisfy the number of buyers in that These buyers are ready, willing and able to However, additional inventory is about tonow! in market. This is good news for home prices. buy…and are in the market right come to the market. 2. There Is Less Competition Now There is a sell over Housing supply pent-upunderfor many homeowners to move as they were unable to return to thethat, in is still desire the historical number of 6 months’ supply. This means last few years due to a negative equity situation. Homeowners are now seeing a many markets,equity as prices increased over the last eighteen months. Manynumberhomes will in that positive there are not enough homes for sale to satisfy the of these of buyers market. be coming to the market inhome prices. However, additional inventory is homes is come in This is good news for the near future. Also, new construction of single-family about to again beginning to increase. A recent study by Harris Poll revealed that 41% of buyers would to the market. prefer to buy a new home while only 21% prefer an existing home (38% had no preference). There isKEEPINGCURRENTMATTERS.COM many homeowners to move as they were unable to sell1over the a pent-up desire for www.SouthBayTeam.com last few years due to a negative equity situation. Homeowners are now seeing a return to [email protected] positive equity as prices increased over the last eighteen months. Many of these homes will 310.545.5511 Office be coming to the market in the near future. Also, new construction of single-family homes is 310.345.1239 Julie Cell CalBre: 01217478/01717819 again beginning to increase. A recent study by Harris Poll revealed that 41% of buyers would 310.702.6999 Sheri Cell prefer to buy a new home while only 21% prefer an existing home (38% had no preference). KEEPINGCURRENTMATTERS.COM 1