With interest rates on the rise, inventory in the Puget Sound area so low and prices increasing due to the laws of supply and demand, is Spring 2017 REALLY the best time to SELL your home?
Many factors go into deciding whether to sell:
- Can you sell and break even or make a profit?
- Do you have to do a 1031 exchange?
- Can you get a similar or better house for a good / fair price with a good interest rate?
Consult your financial advisor as to whether or not the impact of selling makes sense for you.
As far as the market goes, in many parts of the South Puget sound, we're in a seller's market and like anything, there's no guarantee this will last. DuPont has 7 active homes on the market right now. (2/6/2017)
Why do people say that Spring is the best time to sell?
"Based on an analysis of supply, demand and sellers’ outcomes in “Zillow Talk: The New Rules of Real Estate,” co-authors Spencer Rascoff and Stan Humphries have revealed the magic window to list your home: mid-March to mid-April.
The data shows homes sold from mid-March to mid-April sell around 15 percent faster and for 2 percent more than the average listing. And in markets like University Place, Steilacoom and North End, that could mean an extra $12,000 in your pocket!" - Zillow
If you have any questions about listing your home or would like a complimentary home valuation, let me know! Call or text me at 253.227.1609.