5 Reasons to Sell Your House This Summer with Utah Realty

5 Reasons to Sell Your House This Summer | MyKCM

Here are 5 compelling reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index  from the National Association of Realtors (NAR) shows that buyer demand remains 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 for the same 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 needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.

Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to 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. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.)

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 created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!

According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. 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 having the freedom to go on with your life the way you think you should?

Only you know the answers to these questions. 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 start living the life you desire.

That is what is truly important.

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Are There Going to Be More Homes to Buy This Year?

Are There Going to Be More Homes to Buy This Year?

Are There Going to Be More Homes to Buy This Year?If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy....

Where Have All the Houses Gone?

Where Have All the Houses Gone?

Where Have All the Houses Gone?In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time...

3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your Life

3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past...

Why It’s Easy to Fall in Love with Homeownership

Why It’s Easy to Fall in Love with Homeownership

Why It’s Easy to Fall in Love with Homeownership  Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community. Your home is something to be proud of and is uniquely yours, so you can customize it to...

What Record-Low Housing Inventory Means for You

What Record-Low Housing Inventory Means for You

What Record-Low Housing Inventory Means for You The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry,...

Time Capsule Stamp Review 1-21

Time Capsule Stamp Review 1-21

2021 Time Capsule as of 1-21-21I  am posting this for future reference. JobsThe current U.S. unemployment rate is 6.7% for December 2020, the Bureau of Labor Statistics (BLS) said in its monthly report on Friday. The rate is close...

Why Selling Your House on Your Own in 2021 Is a Mistake

Why Selling Your House on Your Own in 2021 Is a Mistake

Why Selling Your House on Your Own in 2021 Is a Mistake There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help...

3 Must-Do’s When Selling Your House This Year

3 Must-Do’s When Selling Your House This Year

3 Must-Do’s When Selling Your House This YearIt’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving...

Holidays Aren’t Stopping Homebuyers

Holidays Aren’t Stopping Homebuyers

The Holidays Aren’t Stopping Homebuyers This Year Black Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for many right now. This year, there’s another type of buyer that’s very active...

Homeownership can be yours

Homeownership can be yours

The Path to Homeownership Some Highlights If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in the homebuying process. Let’s connect today to discuss the specific steps along the way in our...

Shop for Homes in a Virtual World

Shop for Homes in a Virtual World

A New Way to Shop for Homes in a Virtual WorldIn a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we...

It Pays to Sell with a Real Estate Agent 

It Pays to Sell with a Real Estate Agent 

It Pays to Sell with a Real Estate Agent Some HighlightsToday, it’s more important than ever to have an expert you trust to guide you as you sell your house.From your safety throughout the process to the complexity of negotiating...

Should I Renovate My House Before I Sell It?

Should I Renovate My House Before I Sell It?

Should I Renovate My House Before I Sell It? Some HighlightsIn today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range.With so few houses available for sale today, you may...

Don’t Fear the Real Estate Market

Don't Fear the Real Estate Market October 29, 2020 Fear should never be a factor when navigating the housing market. Whether you're buying or selling a home this fall, let's connect to make sure you're empowered to take the safest path.

Why Selling Your House Before Next Spring Is Key

Why Selling Your House Before Next Spring Is Key Today's housing market is empowering homeowners with the control they want when selling their house, but as home inventory begins to rise, this fair weather won't last forever. Let's connect to start the process of...

How to Prepare for a Bidding War

How to Prepare for a Bidding War

How to Prepare for a Bidding War Some HighlightsWith so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers.From pre-approval to making your best offer, here are three tips to make sure you can act quickly...

2020 Housing Market on Track to Beat Last Year’s Success

2020 Housing Market on Track to Beat Last Year’s Success

Housing Market on Track to Beat Last Year’s SuccessBack in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions....

Why Pricing Your Home Right Matters This Fall

Why Pricing Your Home Right Matters This Fall

Why Pricing Your Home Right Matters This Fall Some HighlightsAs a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.To sell your home quickly and for the best possible price, you...

Two New Surveys Indicate Urban to Suburban Lean

Two New Surveys Indicate Urban to Suburban Lean

Two New Surveys Indicate Urban to Suburban LeanThere has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.In a...

The 2020 Homebuyer Wish List 

The 2020 Homebuyer Wish List 

The 2020 Homebuyer Wish List Some HighlightsThe word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible.From more outdoor space to virtual classrooms for their...

It’s Not Just About the Price of the Home

It’s Not Just About the Price of the Home

It’s Not Just About the Price of the HomeWhen most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the...

Salt Lake Home Sales Climb to Record High in July 2020

Salt Lake Home Sales Climb to Record High in July   Salt Lake County home sales reached an all-time high in July at 2,093 homes sold, 15 percent higher than July 2019. It's the first time monthly sales surpassed 2,000 closings since the MLS began keeping records....

The Cost of Renting Vs. Buying a Home

The Cost of Renting Vs. Buying a Home

The Cost of Renting Vs. Buying a HomeSome HighlightsThe percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.This is making buying a home an increasingly attractive option for many people, especially with...

Top Reasons People Are Moving This Year In 2020

Top Reasons People Are Moving This Year In 2020

The Top Reasons People Are Moving This YearToday, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate...

Ask a Pro About Buying a Home

Ask a Pro About Buying a Home

Ask a Pro About Buying a Home Some HighlightsAccording to trending data, searches for key real estate topics are skyrocketing online.Clearly, lots of people have questions about buying a home, and other topics related to the process.Working with a trusted real estate...

Forbearance Numbers Are Lower than Expected

Forbearance Numbers Are Lower than Expected

Forbearance Numbers Are Lower than ExpectedOriginally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some...

The Beginning of an Economic Recovery In Utah

The Beginning of an Economic Recovery In Utah

The Beginning of an Economic RecoveryThe news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand...

Mortgage Rates and Payments by Each Decade

Mortgage Rates and Payments by Each Decade

Mortgage Rates & Payments by DecadeSome HighlightsSometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low.Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your...

The Latest Unemployment Report: Slow and Steady Improvement

The Latest Unemployment Report: Slow and Steady Improvement

The Latest Unemployment Report: Slow and Steady ImprovementLast Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the...

2020 Homebuyer Preferences

2020 Homebuyer Preferences

2020 Homebuyer PreferencesSome HighlightsA recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers.Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save...

Today’s Buyers Are Serious about Purchasing a Home

Today’s Buyers Are Serious about Purchasing a Home

Today’s Buyers Are Serious about Purchasing a HomeToday’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB)...

Guidance and Support Are Key When Buying Your First Home

Guidance and Support Are Key When Buying Your First Home

Guidance and Support Are Key When Buying Your First HomeIn June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):“The...

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