Yellow Pages |   News Updates |   Events Calendar |   Movie Times | Recycling
Rocklin & Roseville Today Local Events
HOME

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


Placer County News Headlines

Placer County Hoteliers: Taxman Cometh Airbnb, Vacation Rentals By Owner, inns or hotels. If you provide lodging in Placer County, you're required to collect Transient Occupancy Tax

Lake Tahoe Bound? Be prepared and patientTAHOE CITY, Calif. -- As Northern California prepares for the second and third storms of a week-long string of weather systems, Placer County is reminding residents and visitors

New California Laws 2017 (Part 15)Roseville, CA - New California laws for 2017. Part 15 includes criminal gangs, property taxes, real estate licenses, terrorist activity, child abuse, voting: felons, human trafficking

Study: Lung Cancer Patients Not Receiving TreatmentA national study by researchers at UC Davis Comprehensive Cancer Center has found that a significant number of lung cancer patients are not receiving treatment.

$21 Million for Regional Small BusinessesThe Capital Region Small Business Development Center (SBDC) has surpassed significant milestones in helping regional businesses

Rocklin Preschoolers Donate to Children in NeedROCKLIN, CA, - Students at Merryhill Preschool in Rocklin collected 69 pairs of pajamas to benefit local children in need for the holidays.

Bust Water Use Myths in Water Spots Video ContestLocal area middle and high school students can win cash prizes and the opportunity to view their video on the Raley Field Jumbotron

Placer SPCA seeks 2017 Hero Awards NominationsRoseville, CA - Placer SPCA is seeking nominations for the 2017 Hero Awards, to be presented at the 16th annual Funny Bones Comedy & Awards Night

Beatles vs. Stones Tribute at Harlows this MarchThe debate between the Beatles and the Rolling Stones has been going on ever since they first crossed paths on the charts 53 years ago

Man Still Recovering from TBITwo years back, I featured Daniel Mignerey who somehow survived life-threatening injuries on February 6, 2015

Rocklin Library hosts Lend A Heart Therapy DogsRocklin, CA- The Doggone Good Reading Group meets the second Tuesday of every month from 3:30 to 4:30 at the Rocklin Library

Placer Vineyards granted Regional General PermitJust west of Roseville, Placer Vineyards was granted its Regional General Permit


NEWS: In Case You Missed It