Sellers who delay may miss out!

Some would-be move-up home sellers are eyeing home prices carefully. They’re waiting to see how much home prices appreciate more before they consider selling their home. But they may be missing their perfect opportunity, some housing experts say. 

The best time to move may depend on when the home owner purchased their current residence, says Daren Blomquist, vice president of RealtyTrac. Blomquist says that home owners who purchased their home during the sluggish market the last two to three years may find moving up in 2013 may be their prime opportunity. 

"Because they bought near the bottom, these home owners should have built up some good equity that can go toward the purchase of a new home, and waiting longer to build more equity likely won’t provide much advantage given that other homes that they might want to move up to will also be appreciating at roughly the same pace," Blomquist told HousingWire.

Home owners who wait much longer to sell their home may miss out. 

"If you're selling one house just to move up to another, it does you no good to wait for prices to rise — the price of the move-up home will increase faster than the price of the place you're leaving behind," says Redfin CEO Glenn Kelman. 

Plus, mortgage rates are expected to come off the 3.5 percent range and reach 4.4 percent in the next year, according to the Mortgage Bankers Association. That will increase the costs of financing your next home. 

Source: “The Time to Sell Is a Waiting Game for Some,” HousingWire (March 21, 2013)

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Three easy steps for selling your house in less than a week!

Do you want to sell your house?

Would you like to have a contract for full list price or more in less than a week?

Here are three easy steps to ensure that your house is one of those “hot” properties that everyone wants:

1) Price it correctly. In real estate many factors determine price. Location, schools, amenities and features all figure into the calculation. Don’t try to “test the market” by starting high and work your way down. Price your home at market and you will do OK. Price it slightly below market and you will have buyers beating a path to your door.

2) Have the property in move-in ready condition! Buyers want to buy a house and NOT a project. Buyers want to visualize placing their furniture and do not want to think about the cost of replacing the roof.

3) Make your house available to be shown. No one will buy your house if they can’t see it. It doesn’t make any sense at all to offer a product that cannot be displayed. Every showing that is prohibited is one less chance to get top dollar for your house.

 To sum up, price, condition and availability are the three keys to selling a house quickly.

Do it right from the start and you will most likely have multiple offers in less than a week.

Thank you to Active Rain Real Estate Broker sharing site.