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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Why Homeownership Wins in the Long Run Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers,...

Are Home Prices Going Up or Down? That Depends…

Are Home Prices Going Up or Down? That Depends…

Are Home Prices Going Up or Down? That Depends… Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different...

The True Value of Homeownership

The True Value of Homeownership

The True Value of Homeownership Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership...

Keys to Success for First-Time Homebuyers

Keys to Success for First-Time Homebuyers

Keys to Success for First-Time Homebuyers Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of...

The Benefits of Selling Now, According to Experts

The Benefits of Selling Now, According to Experts

The Benefits of Selling Now, According to Experts If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there...

Why Buyers Need an Expert Agent by Their Side

Why Buyers Need an Expert Agent by Their Side

Why Buyers Need an Expert Agent by Their Side The process of buying a home can feel a bit intimidating, even under normal circumstances. But today's market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating...

Homeowners Have Incredible Equity To Leverage Right Now

Homeowners Have Incredible Equity To Leverage Right Now

Homeowners Have Incredible Equity To Leverage Right Now Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value...

State of Utah Market Update – Residential Homes

Is Now a Good Time to Buy in Utah

Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM) PSA  (Pricing Strategy Advisor) General Contractor 2000 (in-active) e-pro (advanced digital marketing)...

Cinco de Mayo -Mexican Independence Day!

Cinco de Mayo -Mexican Independence Day!

Today is Cinco de Mayo May 5th Happy Cinco de Mayo! Cinco de Mayo is a holiday that is celebrated in the United States every year on May 5th. While many people associate the holiday with Mexican Independence Day, which is actually celebrated on September 16th, Cinco...

How Homeowners Win When They Downsize

How Homeowners Win When They Downsize

How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer...

Why You May Want an Energy-Efficient Home

Why You May Want an Energy-Efficient Home

Why You May Want an Energy-Efficient Home Some Highlights Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. Energy prices have increased over the last year, so look for energy-efficient features in...

Trends in Senior Housing

Why Use A Senior Real Estate Specialist?

Why Use A Senior Real Estate Specialist   As we age, our housing needs change. Whether you're looking to downsize, move closer to family, or find a home that better suits your lifestyle, the process of selling your home can be overwhelming. That's where a Senior...

Think Twice Before Waiting for Lower Home Prices

Think Twice Before Waiting for Lower Home Prices

Think Twice Before Waiting for Lower Home Prices As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve...

Home Inspections for Sellers: What You Need To Know

Home Inspections for Sellers: What You Need To Know

Home Inspections for Sellers: What You Need To Know Some Highlights The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular...

Salt Lake County Multi-Family

Salt Lake County Multi-Family

Salt Lake County Multi-Family Comparing February 2022 to February 2023 The multi-family housing market in Salt Lake County faced several challenges in February, as heightened interest rates led to a noticeable decrease in sales activity for properties such as...

Facts About Closing Costs

Facts About Closing Costs

Facts About Closing Costs Some Highlights If you’re thinking about buying a home, be sure to plan for closing costs. Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal...

We’re in a Sellers’ Market. What Does That Mean?

We’re in a Sellers’ Market. What Does That Mean?

We’re in a Sellers’ Market. What Does That Mean? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today...

4 Key Tips for Selling Your House This Spring

4 Key Tips for Selling Your House This Spring

4 Key Tips for Selling Your House This Spring Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several...

Get Ready: The Best Time To List Your House Is Almost Here

Get Ready: The Best Time To List Your House Is Almost Here

Get Ready: The Best Time To List Your House Is Almost Here If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching. Experts at realtor.com looked at seasonal trends from recent years (excluding 2020...

Why Buying a Home Is a Sound Decision

Why Buying a Home Is a Sound Decision

Why Buying a Home Is a Sound Decision If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment....

2023 Spring Flooding In Utah

2023 Spring Flooding In Utah

2023 Spring Flooding Know flood risks. Check to see if you live in a flood zone or high-risk area (Flood Map/FEMA QR code). Be aware of runoff in streams, drainage channels, ditches, and other waterways near your home. Consider flood insurance. Homeowner policies...

The Role of Access in Selling Your House

The Role of Access in Selling Your House

The Role of Access in Selling Your House Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers. Your answer matters more now than it did in recent years....

What’s Ahead for Home Prices in 2023

What’s Ahead for Home Prices in 2023

What’s Ahead for Home Prices in 2023 Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that...

Balancing Your Wants and Needs as a Homebuyer This Spring

Balancing Your Wants and Needs as a Homebuyer This Spring

Balancing Your Wants and Needs as a Homebuyer This Spring Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market...

An Expert Gives You Clarity in Today’s Housing Market

An Expert Gives You Clarity in Today’s Housing Market

An Expert Gives You Clarity in Today’s Housing Market The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process. A real estate expert uses their knowledge of...

4 Tips for Making Your Best Offer on a Home

4 Tips for Making Your Best Offer on a Home

4 Tips for Making Your Best Offer on a Home Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to...

2 Things Sellers Need To Know This Spring

2 Things Sellers Need To Know This Spring

2 Things Sellers Need To Know This Spring A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in...

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