Yellow Pages |   News Updates |   Local Jobs |   Hotel Reservations |   Events Calendar |   Movie Times | Recycling
Rocklin and Roseville Today Events Calendar
 

Five reasons not to wait to sell your home




If you are waiting until spring to sell your home, here are five reasons you may want to consider listing now.

1.     Supply is Low:  Inventory of homes on the market is very low in the Sacramento area.  In Sacramento, Placer and El Dorado counties we have gone from 4,984 homes available in December 2011 to only 2,282.  This drop and the trend continues to indicate inventory will shrink more.  A year ago, homes were selling on average for 93 percent of the asking price.  Last month, sales were averaging 98 percent of the asking price and many were going over the asking price.  Listing now and selling before the spring selling season may improve your chance of selling quickly.

2.     Demand is High:  Homes are selling much faster than any time since 2006.  In the past year alone the number of days on the market for Sacramento area homes has gone from 91 to 48 days, a drop of 47.3 percent.  A year ago, homes were selling on average for 93 percent of the asking price.  Last month, sales were averaging 98 percent of the asking price and many were going over the asking price.  Investors and returning homebuyers are completing with first time buyers creating a high demand for homes.  Selling now when the inventory is low and demand is growing may get you a better price.

3.     Interest Rates are Rising:  The low interest rates we have been enjoying for the past few years will not stay low forever.  The Mortgage Broker Association and others are projecting interest rates will increase by a full percentage point by year end.  This means if you need to use a mortgage to buy your next home, costs will be higher the longer you wait.

4.     New Construction is Increasing:  Over the past few years sellers have not had to compete with new construction but this is changing fast.  For the same reasons as above builders are seeing demand higher than supply so are starting to return to building new homes.  At Sun City in Roseville, you have to enter a lottery to get the chance to buy a new home.  Listing now rather than waiting may reduce the competition.

5.     Sales Process is Faster:  The businesses supporting the housing market have not grown as fast as the marketplace.  Appraisers, inspectors, lenders, and others are stretched thin and as the market heats up this spring they will be hard pressed to meet timelines for service.  We have seen costs increase by late appraisals and lenders with back room processes which take much longer than expected to approve and fund loans.  Selling before the rush may make the sale process faster and easier.

What Realtor does not say "now is the best time to sell," but the above are five good reasons why you should not wait.

If you or someone you know is considering selling a home, even one “underwater,” and have questions, please let me know.  I can be reached at the MagnumOne Realty office in Roseville (916-899-6571) or by sending an email to me at juliej@jalone.com.





Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.

Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento

Local Yellow Pages - Celebrating 12 Years!

Automotive | Business | Community | Education | Finance | Health | Home Improvement
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business



Placer County News Headlines

Life Time Athletic Roseville: Rob Chemaly Named GMHealth and fitness industry veteran Rob Chemaly has been named General Manager of Life Time Athletic Roseville.

Roseville Liquor Store Robbed by GunmanThe Roseville Police Department is asking for the public's help identifying a man who robbed a liquor store and pepper-sprayed the clerk.

Good News for FHA BorrowersRealtor, Julie Jalone, of MagnumOne Realty in Roseville, writes about the recent lowering of the FHA mortgage insurance premiums.

United Auburn Indian Community Invests in Danny Wimmer PresentsDanny Wimmer Presents one of the largest independent producers of destination rock music festivals in the U.S., announced today that it has received a significant investment from the United Auburn Indian Community Development Corp.

Roseville Offers Up Cash for GrassThe City of Roseville is offering up for $1,000 for your grass when converting water-thirsty turf with water smart landscaping

Invented Abundance by Mollie Oblinger in RocklinThe Ridley Gallery at Sierra College presents Invented Abundance, an exhibition of sculpture in which Mollie Oblinger examines California's water issues in response to the historic drought

Rocklin Resident Exhibition at Alex Bult GalleryIn February, The Alex Bult Gallery welcomes emerging artist and long-time Rocklin resident Timothy Mulligan in his first solo exhibition entitled Raw, Real & Reimagined.

50 Days of the Dead: Tennessee JedThe Dead return for a memorable performance on their home turf of Palo Alto in October of 1982 to play Frost Amphitheatre.

New California Laws for 2015 (Part 29)New California laws for 2015, part 29 includes finance lenders, vehicle registration, state teachers retirement, veterans, prepackaged food, dismissal criminal action and more.

Safeway and Albertsons' Merger Set to CloseAB Acquisition LLC (Albertsons) and Safeway Inc. today announced that they have received clearance from the U.S. Federal Trade Commission (FTC) for the companies' proposed merger

Placer County Unemployment Rate Hits 5.2 PercentPlacer County's unemployment rate dropped to 5.2 percent during December, reaching its lowest point since 2007.

50 Days of the Dead: Loser1990 seems like yesterday, but far from it. Stellar version of Loser in Albany,NY.


NEWS: In Case You Missed It


Yellow Pages - Featured

Auto

Business

Health and Fitness

Home Improvement and Services