With the Holiday rapidly approaching, home buyers and sellers tend to decide to take a break. This is the exact wrong time to stop house hunting or house selling!
For home buyers looking to buy their first home or move up home, house prices are projected to increase. If you wait, you will end up paying more for your home, meaning higher monthly mortgage payments.
For all the homeowners who have been unable to sell over the last few years due to negative equity situation, there has been a return of positive equity in real estate, with values increasing over the past two years. Many of these homeowners will be coming to the market soon and you don’t want wait for all this inventory of homes to come on the market before you sell.
An article from The KCM Crew, Winter Is Coming…5 Reasons to Sell Now, details 5 specific reasons why the Holiday is a good time to sell a house or buy a home:
1. Demand Is Strong
2. There Is Less Competition Now
3. The Process Will Be Quicker
4. There Will Never Be a Better Time to Move Up
5. It’s Time to Move On with Your Life
Another article, this one from Pacific Union Bay Area Real Estate Blog, Bay Area Homes Are Selling Faster Than Anywhere Else, mentions why now is not the time to slow down:
SAN FRANCISCO, SAN JOSE ARE THE NATION’S QUICKEST-PACED HOUSING MARKETS.
“The Bay Area’s well-documented inventory crunch is ensuring that serious homebuyers waste little time making deals this fall, with the San Francisco and San Jose metro area housing markets moving at the fastest pace in the nation…Bay Area homes are selling more than twice as fast as they do nationwide — 35 days in San Francisco and 37 days in San Jose. And in certain local submarkets, the pace of sales is even quicker. MLS data from Pacific Union’s October Real Estate Report shows that single-family homes in our East Bay region sold in an average of 17 days.”
Any desire to live in the Bay Area must be met with fast action before the real estate is snatched up! If you are having difficulty with loan approval, don’t hesitate to reach our to us at Sun Pacific Mortgage and Real Estate. We are family owned and operated and have been California’s Hard Money Lender Since 1988.
We would be happy to help get you a new home for the Holidays!
Read full article here:
