Why Selling this Fall May Be Your Best Move

-

 If you’re thinking about moving, selling your house this fall might be the way to go states Mike Eastwood Chief Executive Officer of West USA Realty of Prescott. Here are four highlights in the Prescott housing market that may make your decision to sell this fall an easy one.

1. Buyers Are Actively in the Market

ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase.

It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable terms.

2. There Are Not Enough Homes for Sale

In the latest Existing Home Sales Report, the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale. That number was down 18.6% from one year ago. This means in the majority of the country, there aren’t enough homes for sale to satisfy the number of buyers. Prescott Arizona home listings are at an all-time low and home are selling in a day or so.

Due to the health crisis, many homeowners were reluctant to list their homes earlier this year. That will change as the economy continues to recover. The choices buyers have will increase going into the new year. Don’t wait until additional sellers come to the market before you decide to make a move.

3. The Process Is Going Quickly

Today’s ultra-competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to the latest Origination Insights Report from Ellie Mae, the time needed to close a loan is just 49 days.

4. There May Never Be a More Important Time to Move

You’ve likely spent much of the last six months in your current home. Perhaps you now realize how small it is, and you need more space. If you’re working from home, your children are doing virtual school, or you just need more space, your current floor plan may not work for your family’s changing needs.

Homebuilders are beginning to build houses again, so you can choose the exact floor plan to match what your family needs, and you can make sure the outdoor space is what you want too.

Bottom Line

The housing market is prime for sellers right now, so reach out to a local real estate professional to get the process started this fall. If the timing is right for you and your family, the market is calling your name.

To learn more about the Prescott, Arizona real estate market contact Mike Eastwood CEO of West USA Realty of Prescott at 928-777-8331 or visit us at www.westusaofprescott.com and Mike will introduce you to one of his professional real estate agents. If you like to search on your own, download the FREE home search app http://app.westusa.com/WUSAT1M   or stop by and visit us at https://goo.gl/maps/4y1zgMPaUTbgwcRL6 #Prescott #Prescotthomes #Prescottland #Prescottvalley #Prescottvalleyhomes #Prescottvalleyland #Chinovalley #Chinovalleyhomes #Chinovlaaelland #Arizona #Arizonahomes


Comments

Post a Comment

Popular posts from this blog

West USA Realty of Prescott: Strengthening Community Bonds Through Real Estate and Charitable Engagement

-
  Cultivating Community Well-being with West USA Realty of Prescott At West USA Realty of Prescott , we do more than just facilitate real estate transactions. We are committed to enriching the lives of Prescott residents by actively engaging with Pony 4 Precious , a Prescott, Arizona non-profit organization dedicated to children's education and animal welfare, epitomizes our approach to corporate social responsibility. This partnership not only enriches our community but also underscores the role real estate can play in broader societal contexts. The Vision and Impact of West USA Realty of Prescott West USA Realty of Prescott has a storied history of integrity and community involvement. As one of the premier real estate firms in Prescott, Arizona, we are known not just for our professional excellence but also for our deep commitment to giving back to the community. We participate actively in local charities, attend events, and support various initiatives that benefit both people a...
Read more

Diving Deep into Today’s Biggest Buyer Concerns

-
Image
 Mike Eastwood Author-Chief Executive Officer of Bello Sol Inc/West USA Realty of Prescott states.  Last week,   Fannie Mae   released their   Home Purchase Sentiment Index   (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit 64%, up from 56% last month and 38% last July. The latest HPSI explains: “Consumers also continued to cite high home prices as the predominant reason for their ongoing and significant divergence in sentiment toward homebuying and home-selling conditions.   While all surveyed segments have expressed greater negativity toward homebuying over the last few months, renters who say they are planning to buy a home in the next few years have demonstrated an even steeper decline in homebuying sentiment than homeowners. It’...
Read more

Unlocking Attainable Homeownership Strategies for Generation Z

-
  In the contemporary, fast-paced world, the aspiration of possessing a domicile stands as a fundamental element of the American Dream. It embodies constancy, self-sufficiency, and a sanctuary to call one's personal sanctuary. However, for Generation Z, affectionately known as "Zoomers," born between 1997 and 2012, the realization of this vision may seem increasingly formidable. In the face of surging mortgage interest rates and soaring residential property values, the voyage toward property ownership can resemble a steep ascent. Nevertheless, the accomplishment of procuring one's inaugural home remains entirely feasible, even within the current real estate milieu. This composition will delve into a spectrum of meticulously tailored approaches intended expressly for Generation Z to transmute the dream of homeownership into a tangible reality. Exploring Avenues of Down Payment Support Given the perpetual escalation in residential property prices, accumulating funds for...
Read more