1.)The High DemandSellinghomes are on pace which was not seen before 2007. According to the Associationof Realtors (NAR) about 9.2% annual sales was increased in 2012. There arebuyers right now and they are serious about investing in SC Real Estate.
2.)Low Supply
Since May of 2005 the monthly supplyof houses for sale is at its lowest point which is (4.4 months). From the sametime last year 21.6% of the current month’s supply is down. Historically, inthe spring inventory increases dramatically. It is the right time to start sellingwhen demand is high and supply is low may garner you your best price.
3.)New Construction
Over the last several years, most ownersare selling their home without competing with a new construction project aroundthe block. As seen more and more investors are coming back in the market as itis recovering day by day. As the new homes are attractive alternative to manypurchasers will again become competition.
4.)Interest Rates of Project
As “Mortgage Bankers Association”projected mortgage interest rate which is approximately inch up one full pointin 2013. Whether you are moving down or moving up, your housing expense will bemore every year from now on if mortgage is necessary to purchase your nexthome.
5.)Shorter Timelines
Due to the dynamic increase in transactionscaused many challenges in the process of buying or selling a home in the pastyear. We dealt with last minute appraisals of the market and prayed that thebank didn’t ask for ‘just one more piece of paper’ before issuing commitment onthe mortgage. There are fewer transactions in the last year. That means thattimetables on each component of the home buying process will be friendlier forthose involved in transactions over this year.These are the reasons why you should list your house today instead of tomorrow.
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