Home Size3,768 sqft
Days on Market1
Need a Reason to Sell Your Overland Park Home This Spring?
If you’ve been putting off your real estate dreams, here are 3 great reasons to sell your Overland Park home this spring. What are you waiting for?
1. Housing Demand in Overland Park is About to Skyrocket
How’s the market? Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this past winter because of our extreme weather.
These buyers are ready, willing and able to buy…and are in the market to buy right now!
In addition, many sellers were unable to sell towards the end of 2018 and through the holiday season. They will more than likely be returning to the market to sell their Overland Park home this spring.
2. There Is Less Competition to Sell Your Home – For Now
Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the past couple of years. Furthermore, many of these homes will be coming to the market in the near future.
As a result, the choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale. The best strategy is to have less competition so you sell your Overland Park home this spring faster and for more money.
3. There Will Never Be a Better Time to Move-Up
First of all, if you are moving up to a larger, more expensive home, consider doing it now. There is more inventory in upper bracket homes. And since there is less competition, you might be able to get a real steal.
Prices are projected to appreciate by the end of 2019. 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 an interest rate at about 4.5% right now. Finally, Freddie Mac projects rates to rise by year end.
Moving up to a new home will be less expensive this spring than later this year or next year. We know what the market is doing right now. Time is of the essence in real estate. Things can and will shift in a heart beat.
These are just 3 reasons to sell your Overland Park home this spring. Now is the time to take action!
If you’re ready to sell and want to know what your home is worth, what price you could move up to and the benefits of doing both, rather than wait, give me a call now at (913) 515-3250 or contact me here.
Want to know the latest stats in your neighborhood? Don’t rely on the Zillow Zestimate. Here’s a quick tool that will research your subdivision and provide you with a report within minutes – direct from the local Multiple Listing Service. It’s fast and it’s FREE! Click here and insert your address.
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(all data current as of 8/24/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.