This article is about selling homes in Phoenix AZ. Many Phoenix area home sellers are still undecided about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are 5 reasons people are selling homes in Phoenix now.
1. Serious downtown and Phoenix Buyers are looking for homes now
The housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. These buyers are ready, willing and able to buy…and are in the market right now!
2. With an Increase in Buyer Demand it Makes Sense to put Your Home on the Market.
Buyers like to get things put together before school starts in August. Putting your home on the market in time to make this happen simply makes sense. The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.
3. The Process Will Be Quicker
A change in the 2014 housing market is the time it takes a lender to process a loan. Banks are pretty careful these days and the loan process simply takes longer than in the past. As the market heats up, banks will be flooded with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker and simpler.
Home prices have risen, yet they are still among the lowest for a large sunbelt city. We believe the downtown and north central real estate market will see good appreciation as ASU, UA Medical and the bio-tech sector’s continue their rapid growth patterns. Another strong belief is interest rates will rise significantly over the next two years. If you are moving to a new home it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now and it could be in the high 5’s by 2015.
5. Our Homes Have Gone up in Value Making it Possible to Move on to the Next Adventure
Lots of us have been stuck in our properties since the fall in 2007. Homes were often worth less than our mortgages and there wasn’t much we could do that wouldn’t destroy our credit. In the past 2 years homes value have risen 30% or more making it possible for us to dream again. Look at your dreams and ask… is it time to move on?
We don’t know if selling your home in Phoenix is right for you… only you know that answer. However, if the answer is yes we simply want to help make that as effortless as possible. We have exceptional skills developed through our 20+ full-time years in the business of helping people buy and sell homes, condos and land.
There is a reason we consistently get referrals from past clients and help 6 times as many people buy and sell homes as the average Phoenix agent. We’d like to help make your dreams happen too.
We have lots of additional information for people selling homes in Phoenix. Basically we made of list of the most common questions we receive and created an FAQ page on the subject.
Best to you,
Gene Urban & Ron Urban
The Urban Team at Realty Executives
Connecting people to the perfect place for over 20 years