The Secret to Selling Your Home at the Right Time

The housing market may seem daunting, but when you understand its twists and turns you can use this knowledge to your advantage.

Instead of asking questions like:

“In this market – if I sell my home, will I find another place to live?”

OR

“Is now it a good time to sell?”

You will be able to say, “YES” and move forward with confidence.

The housing marketing is cyclical – after a recession, there is recovery. As such, it is important to know where we are in the real estate cycle. Two thousand and fifteen marks the third year in a recovery cycle – a cycle that usually last six years. This means that it is a perfect time to put your property on the market.

Another reason that marks 2015 as the perfect time to sell is that inventory is low. Any Bay Area resident will tell you that there are more buyers than properties on the market. When this happens, the value of your home increases. There are buyers ready and willing to make offers on your home. Here at Princeton Real Estate, we have seen properties go as fast as 7 days with multiple offers. More often than not, realtors can seize the opportunity to help sellers strategize. This way, sellers and realtors can work together with to price homes in a way that gets multiple offers and a higher price than the initial asking.

So, why are there so many Buyers on the market?

The answer - interest rates are low. In fact, First Tuesday Journal states that the “30-year FRM rate averaged 3.78% and the 15-year FRM rate averaged 3.02%”Wow! This means that buyers can afford more when shopping for a home. Additionally, buyers are more willing to apply for mortgages to purchase their dream homes. Maybe that’s the home that you are hoping to sell?

September marks a great time to start getting you home ready for sale. With the end of the summer and the return to school and work – buyers are anticipating the move into their new homes before the end of the year to be able to start 2016 fresh!Are you thinking about selling your home?

If you need advice, The Ildiko Pali Team has succeeded in scoring above-asking price for thousands of clients. With over 40 years of experience, Ildiko has had success guiding her clients through 5 cycles of the housing marketing in the Bay Area and can advise you on market trends, how to get top-dollar for your property and how to find a new home after you’ve sold.