Wednesday, January 26, 2011

Charleston AFB - Three Reasons to Sell Now!

Selling your house in today’s Charleston AFB market can be extremely difficult. For this reason, every seller should take advantage of each and every opportunity…..and there is a fantastic opportunity available right now. Meet with your real estate agent and mortgage professional today and see whether it is the right time for you and your family to make a move.

Here are three reasons you should consider selling in the first 90 days of 2011.

1. Interest rates are on the Rise

Rates have jumped over 1/2 point recently.  The short term result of increasing rates is a new surge of buyers in the Charleston AFB market….. This is a short window of opportunity. If rates fall again, buyers will jump back on the fence. If rates continue to rise, it limits the number of buyers who can qualify at each price point. Now is the best time to sell your house!

2. Winter Buyers are Serious Buyers!

We all realize that buyers are not quick to pull the trigger on the purchase of a home today. There is no sense of urgency with the supply of eligible properties at all time highs. But the Charleston military families left in the market are serious and are more apt to buy.

3. Less Inventory means Less Competition!

Every year there is an increase of inventory which comes to market from January through April as homeowners put their houses up for sale in preparation for the spring market. Here is the number of listings available for sale in 2010.
  • January – 3,277,000
  • February – 3,531,000
  • March – 3,626,000
  • April – 4,029,000
We anticipate an increase in these numbers this spring. You won’t have to worry about this increasing competition if you sell now.
Also, with banks trying to rectify their foreclosure procedures, many discounted properties have been taken out of the market. We don’t know when banks will return to the normal flow of foreclosed properties…..but until they do, every homeowner has a better chance of selling their Charleston AFB property.

Bottom Line

If you are looking to sell in 2011, there may not be a more opportune time than this right now. Serious buyers, great move-up deals and less competition creates the perfect selling situation. Don’t miss it!


Torri Jacobsen, Military Homes of Charleston
            
Buying or selling a home doesn’t have to be hard, but choosing the right Realtor DOES make a difference. I specialize in making first-time home buying a great experience for military families moving to the Charleston, SC area. Call or email today, and let’s make this your best move yet! You’ll feel right at home with me.