September 25, 2017 | Bob Myers
Here are five reasons listing your home for sale this fall makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report  from the National Association of Realtors(NAR) shows that buyer demand remains very strong throughout the vast  majority of the country. These buyers are ready, willing, and able to  purchase… and are in the market right now! More often than not, multiple  buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal housing market.
This means that, in the majority of the country, there are not enough  homes for sale to satisfy the number of buyers in the market. This is  good news for homeowners who have gained equity as their home values  have increased. However, additional inventory could be coming to the  market soon.
Historically, the average number of years a homeowner stayed in their  home was six, but that number has jumped to an average of almost nine  years since 2008. There is a pent-up desire for many homeowners to move,  as they were unable to sell over the last few years because of a  negative equity situation. As home values continue to appreciate, more  and more homeowners will be given the freedom to move.
The choices buyers have will continue to increase. Don’t wait until this  other inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to  stand out from the crowd, including getting pre-approved for their  mortgage financing. This makes the entire selling process much faster  and much simpler as buyers know exactly what they can afford before home  shopping. According to Ellie Mae’s latest Origination Insights Report the time to close a loan has dropped to 43 days, after seeing a 12-month high of 48 days in January.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home,  now is the time to move-up! The inventory of homes for sale at these  higher price ranges has forced these markets into a buyer’s market. This  means that if you are planning on selling a starter or trade-up home,  your home will sell quickly AND you’ll be able to find a premium home to  call your own!
Prices are projected to appreciate by 5.0% over the next year according to CoreLogic.  If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

5. It’s Time to Move on With Your Life

Look at the reason you decided to sell in the first place and determine  whether it is worth waiting. Is money more important than being with  family? Is money more important than your health? Is money more  important than having the freedom to go on with your life the way you  think you should?
Only you know the answers to the questions above. You have the power to  take control of the situation by putting your home on the market.  Perhaps the time has come for you and your family to move on and start  living the life you desire.

That is what is truly important.

Please consider The Myers Team your resource for all things real estate.  We have over 30 years of real estate experience, specializing in the Montgomery County area.  If you are refinancing, want a recommendation, need a service provider or just have a home related question, please give me a call at 301-910-9910 or email me at


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