On the fence about selling your Santa Fe home and think you should wait until Spring? Think again!
Here are five reasons why listing your Santa Fe home for sale this fall makes sense.
1. Demand Is Strong
The latest
Buyer Traffic Report from the
National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up
competing with each other to buy the same homes.
We have a list of over forty buyers who would purchase a home right now if we could locate the right Santa Fe home for them. Take advantage of the buyer activity in the current Santa Fe market.
2. There Is Less Competition Now
Santa Fe housing
inventory is still under the six-month supply needed for a normal housing market. This means that, in the majority of the country, there are
not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon!
Historically, a homeowner stayed in his or her home for an average of six years, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more
homeowners will be given the freedom to move.
The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all that they can to stand out from the crowd, including getting
pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to
Ellie Mae’s latest
Origination Insights Report, the average time it took to close a loan was 44 days. In Santa Fe, we have lenders that are closing loans as quickly as 21 days!
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury Santa Fe home, now is the time to move up! The abundance of inventory available in these higher price ranges has created a buyer’s market for anybody looking to purchase these homes. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!
According to CoreLogic, prices are projected to appreciate by 5.1% over the next year. 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.
5. It’s Time to Move on With Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you feel you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important. Let’s sell your Santa Fe home today!
