Thinking of Selling Your House? Five Reasons to Do it Now. Posted on September 11, 2013 by socialmedia by Many now realize that it is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a perfect time to put your house on the market. 1.) Demand Is High The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed a 17.2 percent increase in sales over July 2012; sales have remained above year-ago levels for 25 months. There are buyers out there right now and they are serious about purchasing. 2.) Supply Is Beginning to Increase Total housing inventory last month rose 5.6% to 2.28 million homes for sale. This represents a 5.1-month supply at the current sales pace, compared with 4.3 months in January. Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity in the last 12 months and an additional 1.9 million are expected to enter positive equity in the next 12 months. Selling now while demand is high and before supply increases may garner you your best price. 3.) New Construction Is Coming Back Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers. 4.) Interest Rates Are Rising According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have shot up to 4.57% which represents a jump of more than a full point since the beginning of the year. The Mortgage Bankers Association, Fannie Mae,Freddie Mac and the National Association of Realtors are in unison projecting that rates will continue to climb. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home. 5.) It’s Time to Move On with Your Life Look at the reason you are thinking about selling and decide whether it is worth waiting. Is the possibility of a few extra dollars more important than being with family; more important than your health; 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 your situation by putting the house on the market today. The time may have come for you and your family to move on and start living the life you desire. That is what is truly important. Reposted from our friends at Keeping Current Matters. Tags: Home Buying, Home Sales, Home Selling, homes for sale, KCM, keeping current matters, selling a home, shorewest, Shorewest Realtors Categories: Home Selling Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ Home Property Search Map Search About Me My Listings My Recently Sold My Reviews Videos Contact Me Reset Password Enter the email address for your account and we will email you instructions on how to reset your password Email* Reset My Password × Sign In Email* Password* Sign In Reset Password New to myShorewest? Create an Account First Name* Last Name* Email* Passwords must be at least 8 characters Password* Repeat Password* Create Account × Forgot Your Password? Enter the email address for your account and we will email your password to you. Email* Retrieve My Password × Welcome Back Welcome back to your myShorewest account. Take me to my Account Stay on this page × Save This Search Name Your Search* Send me property updates that match this search Email Frequency Every 2 Hours Daily Weekly Login to Save Search Email* Password* Sign In Forgot password? × Help Me Find A Home First Name* Last Name* Email* Phone** What are you looking for in a home? Help Me Find a Home **By submitting this request with a text number, you acknowledge that you may incur fees for the sending and/or receiving of any subsequent text messages between you and a Shorewest agent. Amount of the fees (if any) is dependent on your wireless service plan. × Help Me Sell My Home First Name* Last Name* Email* Phone** Address Message Help Me Sell My Home **By submitting this request with a text number, you acknowledge that you may incur fees for the sending and/or receiving of any subsequent text messages between you and a Shorewest agent. Amount of the fees (if any) is dependent on your wireless service plan. × What's My Home Worth? Example: N11W44100 River Ln, Waukesha, WI 53186 Get A Home Value × Home Valuation Report × Schedule A Showing , , Please complete the contact information below and we will respond to your inquiry as quickly as possible. Date and Time Preference for showing Date Time First Name Last Name Email If you are currently working with a Shorewest agent, please enter the first few letters of their FIRST name and select from the choices that appear. Preferred Phone #** Agent Name Additional Comments or Feedback Schedule a Showing Or contact me directly at: 262.206.1389 or [email protected] **By submitting this request with a text number, you acknowledge that you may incur fees for the sending and/or receiving of any subsequent text messages between you and a Shorewest agent. Amount of the fees (if any) is dependent on your wireless service plan. × Property Notes History Notes for: 2370 N. 100th St., Wauwatosa, WI 53226 MLS #: 23156413 ADD A NEW NOTE Add Note × Property Notes History × Edit Your Property Price Tracker Tracker for W179051 N907151 County Road 187, Chippewa Falls, WI 53224 Set a Price Tracker for this property by entering your target price below. You can esily view your price trackers from your Price Tracker page. Save Price Tracker Price Tracker History Remove tracker Price Tracker for: $10,200,000 Price Tracker for: 12/21/2015 Days On Market: 62 Days Original List Price: $13,000,000 Current Property Price: $12,200,000 Remove tracker ×