Home Size1,978 sq ft
Days on Market1
Countdown to the Spring Real Estate Market – Why Wait?
Spring is 41 days away and the countdown to the spring real estate market is on. Home sellers always wait for spring. Here are 3 great reasons to get a jump on the spring real estate market and sell your Overland Park home NOW:
Demand 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 the holidays. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.
These buyers are ready, willing and able to buy…and are in the market right now!
There Is Less Competition – 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 last eighteen months. Many of these homes will be coming to the Overland Park real estate market in the near future.
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.
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 the end of 2016. 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 a lower interest rate right now. Freddie Mac projects rates to increase by the fourth quarter of 2016.
Moving up to a new home will be less expensive this spring than later this year or next year.
Ready to Sell before the Spring Real Estate Market?
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(all data current as of 5/23/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.