Is It Time To Make Your Move ?
re you considering the purchase of a larger home ; or perhaps downsizing to a smaller one ? Generally speaking , spring is a good time to put your house on the market . And with the market resurgence of the past year , this spring is an excellent time . AHomeowners who have been waiting for housing prices to bounce back are getting
ready to make the move largely because of the increased equity in their current home . Additionally , the limited amount of inventory in Silicon Valley has sellers feeling confident that the time is right to sell . Buyers , on the other hand , look at the current interest rates and realize that for every quarter point in interest that the rates increase affects their chances of qualifying for the home of their dreams and , if they qualify , the amount they will pay each month in mortgage payments will be more .
On the high end of the market , the last six months have seen record sales over the past three years . With confidence rising , homes selling for $ 1.5 million are becoming more and more commonplace .
If you ’ re looking to make a move , you will want to look at some things you can do to assure the highest possible price for your home . A home that buyers gravitate to and see themselves living in will bring in the highest possible price ; making it possible for you to purchase your next home .
• Take a walk through your home as if you were a buyer — from the front door to the backyard . Note any issues you feel would be a negative in the eyes of a buyer .
• Clean up any unnecessary clutter — you want your home to look open and bright .
• Assess the walls , floors and windows — are they dirty , stained , worn ?
• Clean up your home ’ s outdoor spaces — keep your yard free of weeds , green and with color , even in the winter . Also , sprucing up the deck can make a world of difference .
I suggest that even if you are at all considering a move in the near future that you start addressing the items above . It ’ s never too soon to prepare for the day that you find your dream home and need to sell your current one . If you need some help assessing what needs to be done , your real estate professional can walk you through the process .
In closing , have fun , be prepared , and don ’ t forget to talk with your lender so you are aware of how much you can afford to spend for your new home . It ’ s been a long time since the market has been this good ; so enjoy finding your dream home .
Quick Stats
Local Trends Single Family Residential in Morgan Hill & San Martin
2013 |
September |
October |
November |
December |
Active / Pending |
137 |
150 |
150 |
159 |
Homes Sold |
58 |
54 |
56 |
35 |
Days On Market |
35 |
51 |
83 |
59 |
Sale To List Ratio |
99.7 % |
99 % |
99.8 % |
99.5 % |
Teri Nelson , Realtor Intero Real Estate Services
408.425.5200
BRE # 00858151
W I N T E R 2 0 1 4 M O R G A N H I L L T O D A Y
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