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EXISTING-HOME SALES GAIN STEAM
For the first time in 2014, existing-home sales rose during the month April while inventories increased, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops rose 1.3 percent in January to a seasonally adjusted 4.65 million units for the year.
NAR chief economist Lawrence Yun anticipated the market improvement. "Some growth was inevitable after sub-par housing activity in the first quarter, but improved inventory is expanding choices and sales should generally trend upward from this point," he said. "Annual home sales, however, due to a sluggish first quarter, will likely be lower than last year."
Nationally, total housing inventory increased 16.8 percent during April to 2.29 million units. The median time for homes to sell was 48 days in April, a decrease from 55 days in March, while 41 percent of April home sales were on the market for less than a month.
MORTGAGE AFFORDABILITY UPDATE
Freddie Mac reports the national average commitment rate for a conventional, 30-year fixed-rate mortgage at 4.34 percent in April, which is unchanged from March but up from 3.45 percent recorded in April 2013. Approximately 70 percent of investors paid cash during the month.
Steve Brown, NAR President, sees a lot of opportunity in the current market. "The typical time on market shrunk in April, with four out of 10 homes selling in less than a month," he said. "Homes that show well and are properly priced tend to sell the fastest. More housing inventory gives buyers better choices, and takes the pressure off of the buying process, which is a welcome sign, especially for first-time buyers."
SUMMER SELLING OPPORTUNITIES
Sellers, you have an excellent opportunity to sell your home this season if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.
An Overpriced Home:
· Minimizes offers · Lowers agents response · Limits qualified buyers · Lowers showings · Lowers prospects · Limits financing · Wastes advertising dollars · Nets less for the seller
When you are ready, contact us today for a personal free market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!
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California Realtor. Tracy CA Homes, Mountain House CA Homes, Manteca CA Homes, and Lathrop CA Homes. Home Buyer Tips, Home Seller Tips, Real Estate Market Trends and much more! The Aguilera Real Estate Team, Keller Williams Realty CalBRE# 01766690, Equal Housing Opportunity
Our home sellers net MORE money... Ask us how!
www.TracyRealEstateToday.com
Showing posts with label tips for home sellers. Show all posts
Showing posts with label tips for home sellers. Show all posts
Wednesday, June 4, 2014
Market Trends Real Estate Newsletter June 2014
Thursday, April 3, 2014
Market Trends Real Estate Newsletter April 2014
Friday, December 13, 2013
TracyRealEstateBlog - Home Buyers Most Wanted List
According to a recent survey, these are the features home buyers most want in a new home:
The Home Buyers Most Wanted List - Aguilera Real Estate Team Tracy California Real Estate
The Home Buyers Most Wanted List - Aguilera Real Estate Team Tracy California Real Estate
Wednesday, November 27, 2013
TracyRealEstateBlog-5 Reasons to Sell Before Spring
Source: The KCM Blog
Many sellers feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now.
1. Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere 'lookers'. The lookers are at the mall or online doing their holiday shopping.
2. There Is Far Less Competition
Housing supply always shrinks dramatically at this time of year. The choices for buyers will be limited. Don't wait until the spring when all the other potential sellers in your market will put their homes up for sale.
3. The Process Will Be Quicker
One of the biggest challenges of the 2013 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.
4. There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 25% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.
5. It's Time to Move On with Your Life
Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.
Many sellers feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now.
1. Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere 'lookers'. The lookers are at the mall or online doing their holiday shopping.
2. There Is Far Less Competition
Housing supply always shrinks dramatically at this time of year. The choices for buyers will be limited. Don't wait until the spring when all the other potential sellers in your market will put their homes up for sale.
3. The Process Will Be Quicker
One of the biggest challenges of the 2013 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.
4. There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 25% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.
5. It's Time to Move On with Your Life
Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.
5 Reasons to Sell Before Spring - Aguilera Real Estate Team Tracy California Real Estate
Monday, November 25, 2013
TracyRealEstateBlog-11 Reasons Home Sellers Should List During Holiday
11. By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more houses are on the market for less money! This will allow you to sell high and buy low.
10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year.
9. Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the Holidays.
8. January is traditionally the month for employees to begin new jobs. Since transfers cannot wait until Spring to buy, you need to be on the market during the Holidays to capture the market.
7. Some people must buy before the end of the year for tax reasons.
6. Buyers have more time to look for a home during the Holidays than they do during a work week.
5. Buyers are more emotional during the Holidays, so they are more likely to pay your price.
4. Houses show better when decorated for the Holidays.
3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home. Less demand means more money for you.
2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.
And the number one reason why your seller should list during the Holidays …
1. People who look for homes during the Holidays are more serious buyers!
11 Reasons Home Sellers Should List During the Holiday Season - Aguilera Real Estate Team Tracy California Real Estate
Friday, August 2, 2013
Thursday, August 1, 2013
TracyRealEstateBlog-Moving Soon? We Can Help!
Receive a FREE Market Analysis, indicating your home's approximate present value on the market today. You will receive this information quickly, by email, and without having to speak with an agent!
http://www.tracyhomeprices.com/
http://www.tracyhomeprices.com/
Tuesday, January 22, 2013
Tips for Home Sellers
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Lisa Aguilera, The Aguilera Real Estate Team
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