5 Reasons to Sell Now!

1. Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. Your clients will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping. 

2. There is Far Less Competition
Housing supply always shrinks dramatically at this time of year. This year will be a little different as some of the distressed properties being liquidated by the banks (in the form of foreclosures & short sales) will enter the market.

However, for those buyers looking for a non-distressed property, the choices will be limited. Your sellers shouldn’t wait until the Spring when all the other potential sellers in the market will put their homes up for sale.

3. The Process Will Be Quicker
One of the biggest challenges of the 2012 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.

4. There Will Never Be a Better Time to Move-Up
If your client is moving up to a larger, more expensive home, they should consider doing it now. Prices are projected to appreciate by over 15% from now to 2016. If they are moving to a higher priced home, it will wind-up costing them more in raw dollars (both in down payment and mortgage payment) if they wait.

They can also lock-in their 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.

5. It’s Time to Move On with Their Life
Ask them the reason they decided to sell in the first place and have them decide whether it is worth waiting. Is money more important than being with family? Is money more important than their health? Is money more important than having the freedom to go on with their life the way they think they should?

They already know the answers to the questions we just asked. Make sure they know they have the power to take back control of the situation by pricing their home to guarantee it sells. The time has come for their family to move on and start living the life they desire. That is what is truly important.

The Tryon Report Lowell, MA Real Estate Market Update 10/8/2012

LOWELL, MA

 

Monday October 8, 2012

The median list price in LOWELL, MA this week is $229,450. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply & Demand

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Price

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Are you looking to buy a home, condominium, townhouse or investment property in the Belvidere, Highlands, Pawtucketville, South Lowell, MA Centerville and Downtown areas of Lowell , Massachusettes?

Let us help you find everything you need to know about buying or selling a home! As one of the preeminent, professional real estate teams in The Merrimack Valley for over 10 years, we are dedicated to providing the highest quality service available while breaking new ground.

Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.

We go the extra mile to help you achieve your goals. That’s why we constantly research the market and property values so your home is priced effectively from day one. We also make sure the public knows your home is for sale by using cutting edge advertising and marketing techniques to attract potential buyers.

The Chris Tryon Home Buying & Seliing System at ERA Key Realty Services is the most comprehensive online source for real estate listings, from luxury homes to Downtown condominiums & lofts, incredible Bank Owned foreclosure opportunities and investment properties. The Chris Tryon Home Buying & Selling System provides exclusive homes for sale on a local, global and international stage. Search for properties , or find out what your house is worth by visiting http://www.lowellhomesonline.com the Chris Tryon Real Estate Group can help.

Chris Tryon
ERA Key Realty Services
508.372.6391
christryon@erakey.com