5 Reasons to Sell Your Home in 2017
Planning to sell this year?
We recommend to get a head start & list in Feb-April.
Being early has its benefits: “The early bird catches the worm!”. So if you’re thinking about listing your home for sale in Culver City, West LA, or the South Bay in 2017 — or if you already know you will — why not do so early, as in February, March or April? By getting in on the real estate market at the beginning of the year, you could benefit in some unexpected ways. Here are five of them to consider:
1. There’s low inventory
When inventory’s low, it’s usually a great time to put your house on the market. Your new listing could cause buyers to pounce when there’s little competition, especially if your home is in a desirable neighborhood. The buyers that are out shopping now are serious, but are also more selective.
2. There’s more urgency for buyers
There are plenty of reasons people need to get in a home fast. Many companies transfer employees at the start of a year, for one. Whatever the reason, if you encounter a homebuyer in the middle of winter, they probably need to buy sooner rather than later. Winter buyers often have a sense of urgency — when they find what they’re looking for, they’ll make an offer. One of the big drivers for buyers shopping in today's market are interest rates. They've went up three times since the election and are expected to reach 5% by the end of the year.
3. Spring starts early in California
Since we live in California, you could really benefit by listing your home for sale in early spring. Our website experiences more than double the amount of visitors starting right after the holidays. Homebuyers may not be personally visiting houses as quickly, they will be looking online. We advise that listing a home earlier helps a home stand out in the market. One of the big drivers for buyers are schools, so if they find a house in the Spring, by the time it closes and the buyer completes any upgrades or repairs, school will be out for the summer and they can settle in. It's a win win!
4. There’s early movement for first-time buyers
If you’re a first-time homebuyer and are currently saving to buy, you might have earmarked that tax refund coming to you for the purpose. When these potential buyers get a refund on their taxes, they’ll use that as a down payment. Today it is more common for parents to help first-time buyers with a down payment, so as a family, tax season is important. The sooner you turn in your tax return, the sooner you’ll get your refund. In many cases we've come across lately, many families are starting to consolidate and parents are moving in with their children. This means that they buying process can take longer, because more people are involved.
5. There’s a new administration
Speculation looms whenever a new administration takes over. If you think the new administration will make it tougher for people to buy a home, you might want to sell early in the year. Many people worry that some of the future reforms could potentially force buyers to fork over larger down. Doing so could be a problem for many home sellers as the pool of eligible homebuyers begins to shrink. Of course, speculation is just that. But if you believe this to be true, it makes sense to sell a home now.
As a future seller, you most certainly want to be the early bird to achieve a successful sale. We are ready to help you, we are just a phone call away, 310-721-1676!