The Spring real estate market may have gotten off to slow this year because winter refused to release its grip on Mother Earth. However, you can be sure that with more sunny days, the market is returning with a vengeance!
April and May have historically proven to be the top months to sell a home. In fact, the second quarter of the year (April, May, June), is affectionately referred to in the real estate biz as “The Spring Buyers Season”.
If you’re thinking of selling your home this year, the time to list is NOW! The National Association of Realtors recently published a report which stated that 41% of homes sold last month were on the market for less than 30 days. This type of market sets up the seller for that much needed exposure.
As home values have continued to appreciate, more homeowners are feeling the freedom to move. Housing inventory is still less than the 6-month supply needed for a normal real estate market. This situation means there are not enough homes on the market to satisfy the number of potential buyers.
In the past, homeowners have stayed in their homes an average of six years, but since 2011 that number has increased to an average of nine or ten years. Many homeowners have a pent-up desire to move and finally feel the time is right.
If you are looking to enter or to move up in the market, but do not have the qualifications necessary to secure a conventional loan, a hard money loan might be your answer – as the alternative financing solution you were looking for!
Sun Pacific Mortgage is here to help with that. Give us a call at 707-523-2099 and see how we help you move up or into the world of home ownership.