LOOKING FOR A NEW HOME?
The best time to sell may actually be right now.
As the temperature in most areas of the country is cooling down, you might think that the housing market will do the same. This couldn’t be further from the truth! We know many believe that it’s “smarter to wait until the spring buyer’s market” to list their property (and buy a new home). In the past, that might have made sense. However, this winter is not like recent years.
The Real Estate Center at Texas A&M University contends that 6.5 months of inventory represents a market in which supply and demand for homes is balanced. Dallas was no where near that in December, as monthly housing inventory was just 2.2 months. Here in East Dallas, when you compare this December to last year, the number of new homes listed dropped 11%, while the average list price per square foot was up 9% and average sales price was up 3%, making this a strong seller’s market.
Additionally, the recent rise in mortgage rates had forced buyers off the fence and into the market, resulting in incredibly strong buyer demand right now (everyone wants a new home!) Today we spoke with Trey Belmore at The Lending Partners and he had more good news to share. “Current mortgage rates are falling. For only the second time since late-October, mortgage rates did not rise. Rates are down from a 33-month high set the last week of December.”
There are many people who have made it a goal in 2017 to buy their first new home. Others are determined sell their current house and move into their dream home, which means demand for yours is extremely strong right now, while your competition (other homes for sale) is at historically low levels. If you are thinking of selling in 2017, now just may be the perfect time.
At Heather Guild Group, we are dedicated to guiding you through a seamless home-selling process. Through our knowledge, expertise, and personalized service, we are certain your home-selling process will be a success. We’ve assembled a series of valuable tools and resources designed to help you have a seamless selling experience. Don’t take our word for it, see what other sellers have to say about us!
Contact us at hello@heatherguildgroup or 972.755.9085 to learn more about how the Heather Guild Group can help you achieve your real estate goals in 2017. If you’d like to go ahead and get started now, complete this sellers questionnaire and please make sure you add all of your contact information.