Yellow Pages |   News Updates |   Local Jobs |   Events Calendar |   Movie Times |
Rocklin and Roseville Today Local Events Calendar
    (Independent and Locally Owned)
 

Five reasons not to wait to sell your home


Share It.




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.






more news Print This Article


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

Placer County News Headlines

Immigration Executive Action: Republicans and DemocratsAnother stark contrast of opposing sides on Obama's Executive Action on Immigration, highlighted by two Republican Congressman Tom McClintock's remarks and the California Democratic Party

PCWA Moves Forward on Watershed RemediationIn the aftermath of the massive King Fire, the Placer County Water Agency is taking emergency steps to prevent and manage the runoff of fire debris and erosion into the

Holiday Flu Could Be Grinch This YearWith Thanksgiving nearing and the holiday season upon us, many people will be hitting the malls for shopping, the airways for travel, and interacting with large groups of people

Placer County Honors Citizens with Commemorative CoinsThe Placer County Board of Supervisors honored Dr. Bryce Jessup of William Jessup University and volunteer extraordinaire Fuzzy Jarnagin of Loomis Tuesday, presenting them with

Rain or Shine: Mountain Mandarin Festival Is OnFree admission offered for Festival goers with orange umbrellas! Mountain Mandarin Festival Is On.

92% of Americans Traveling for ThanksgivingSurvey Says: 92% of Americans Traveling for Thanksgiving Plan to Drive; 71% Expect to Spend Less This Year

Thanksgiving Travel Advisory: Sacramento International AirportPassenger traffic is expected to rise this year for travelers going through Sacramento International Airport. A few tips to improve your travel experience

Rocklin Crime Report Update (11-20-14)Rocklin, CA - Rocklin California Crime Report Update for November 20, 2014.

65,000 Injuries a Year to U.S. FirefightersThe National Fire Protection Association (NFPA) released the latest edition of its U.S. Firefighter Injury Report which highlights data on injuries sustained by firefighters on duty.

Grant Targets Impaired DriversThe California Highway Patrol (CHP) recently announced receiving a federal "Reducing Impaired Driving" grant, which will fund 150 sobriety checkpoints

KidsFirst Denim & Diamonds Appreciation EventCelebrating two weeks before the rest of the United States, KidsFirst, Child Abuse Prevention Council of Placer County, spent Thursday, November 13th in Thanksgiving mode

Placer County's Most Wanted: Johnnie Castro44 year old, Johnnie Castro, last known address of Roseville, CA, is currently being sought by authorities for Failure to register residence




more news

Featured Yellow Pages Categories

Auto

Business

Health and Fitness

Home Improvement and Services