Finally, our housing market is turning around, and home prices have significantly increased over the past year, which is great news for homeowners, especially those who were upside down.
For those of you who have been following my monthly articles, you know they have focused on short sales.
While I am still negotiating short sales, and will continue to help homeowners who need to short sell their homes, I have seen the number of short sales decrease since the end of last year. With the changing market and less distressed homeowners, I, too, have to change with the times, and move my focus back to regular home sales.
I have gained a lot of negotiating experience while working with some of my toughest customers (the banks), and this is going to be a huge asset to bring to my clients when it’s time to negotiate their purchase or sales contract.
Why Now Is The Best Time To Sell Your House
With the housing market coming back and prices increasing, up 26 percent in Arizona from this time last year, more homeowners are ready to take the plunge back into the housing market. So, how does a seller know when is the right time to put their house on the market? Of course, none of us can predict the future and guarantee what the market will do in the months to come. So, we have to look at where the market is today and the cyclical trends of the past. One of the best indicators is to look back at what the market has done in previous years, and find the peak selling times when buyer demand is at its highest.
Even with the housing crash and all the short sales and foreclosures on the market over the past few years, the cyclical market trend on peak selling months has remained the same. Spring is when buyers really start looking and are ready to buy. Homebuyers are coming out of the woodwork, confident now that the market has bottomed out, and they won’t be getting into negative equity once they purchase.
With interest rates at record lows, and not a lot of inventory for the buyer from which to choose, it’s definitely a seller’s market. What better time to list your house for sale than in the peak selling months and in a seller’s market.
Our peak selling months here in the Metro Phoenix area are May and June, with sales dropping off in July. More homes are sold during these months than any other time of the year.
Get an instant home value report at www.InstantHomeValueAZ.com, or contact me for a free full market analysis to find out what your home is worth today.
Call my cell at (602) 571-6799, send an e-mail to Lorraine@Homes2SellAZ.com, or visit the Web site at www.Homes2SellAZ.com.
If you or anyone you know is upside down on their mortgage or facing foreclosure, I can help. Call my cell at (602) 571-6799, or send an e-mail to Lorraine@ArizonaShortSaleToday.com. You also can visit the Web site at www.ArizonaShortSaleToday.com.