5 Reasons to Sell Your Home This Holiday Season
1. Homes show better when decorated for the holidays.
2. Relocation buyers are out there.
3. Purchasers looking for homes during the holidays are serious buyers who are ready to buy now.
4. The supply of listings increases substantially after the holidays.
5. The desire to own a home doesn't stop when the holidays come.
The number one reason to not wait until spring...
The supply of listings increases substantially entering the new year (including new construction) which could lower the demand for your house.
There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.
It’s Cheaper to Buy Than Rent
As we have previously mentioned, the results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers show that the range is an average of 2% less expensive in Honolulu (HI), all the way up to 48.9% less expensive in Detroit (MI), and 26.3% nationwide!
If you are thinking about moving up to your dream home, waiting until later this year and hoping for prices to fall may not be a good strategy.
According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage have increased by half of a percentage point, to around 4.5%, in 2018. This is still significantly lower than recent history.
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
The interest rate you pay on your home mortgage has a direct impact on your monthly payment.
The higher the interest rate, the greater the mortgage payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
The Cost of Waiting: Interest Rates Edition
The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
Recently there has been a lot of talk about home prices and if they are accelerating too quickly.
In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.
The great news about rising prices, however, is that according to CoreLogic’s latest US Economic Outlook, the average American household gained over $15,000 in equity over the course of the last year, largely due to home value increases.
You're paying how much to sell your home?
With the Help-U-Sell Real Estate company concept, you could save thousands of dollars when you sell your home.
Want to know more? Call us at 818-997-1000, or complete the form below to request more information.
Search Homes For Sale in Santa Clarita, Newhall, and Canyon Country Area
We also have a complete Multiple Listing Service (MLS) of residential homes for sale in Lake Balboa, Reseda, Mission Hills, North Hills, North Hollywood, Panorama City, San Fernando, Sun Valley, Van Nuys, Castaic, Valencia, Canyon Country, Newhall, Stevenson Ranch, Santa Clarita, or any other Los Angeles, San Fernando Valley or Santa Clarita Valley Real Estate.
Homes Sold in the Santa Clarita, Canyon Country, and Newhall area in the last 60 days