Welcome to the BettyJung.com Blog

2019-09-23 16:47:48
Lake Oswego Real Estate 5 Reasons To Sell Your Home In The Fall

5 Reasons To Sell Your Home In The Fall

Below are 5 compelling 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 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, in many areas of the country, multiple buyers are competing with each other to buy 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 that is needed for a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners 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 will be given the freedom to move. Many homeowners were reluctant to list their homes over the last couple years, for fear that they would not find a home to move 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 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 simpler, as buyers know exactly what they can afford before shopping for a home. According to Ellie Mae’s latest Origination Insights Report, the time needed to close a loan is 43 days. 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. There is currently ample inventory for sale at higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that in the luxury or premium market. According to CoreLogic, prices are projected to appreciate by 5.2% over the next year. If you’re moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage) 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 move on and start living the life you desire. That is what is truly important.

On this first day of Fall, are you considering making a move?

Below are 5 compelling 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 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, in many areas of the country, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing is at 2.3 months in Portland, which is well under the 6 months that is needed for a normal market. This means in our Portland real estate market, there are not enough homes for sale to satisfy the number of buyers.

Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners 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 will be given the freedom to move.

Many homeowners were reluctant to list their homes over the last couple years, for fear that they would not find a home to move to. The choices buyers have will continue to increase. Don’t wait until additional 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 simpler, as buyers know exactly what they can afford before shopping for a home. According to Ellie Mae’s latest Origination Insights Report, the time needed to close a loan is 43 days.

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

If your next move will be into a luxury home, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that in the luxury or premium market.

According to CoreLogic, prices are projected to appreciate by 5.2% over the next year. If you’re moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage) 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 move on and start living the life you desire.

That is what is truly important.

Source: Simplifying The Market - Keeping Current

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are low and there is still buyer demand. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

SEARCH FOR REAL ESTATE

There are links above to search for real estate.  Or check out my website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2019. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

 
Blog Archive
2019-11-30 16:05:59
Lake Oswego Real Estate Believe It Or Not!

2019-11-13 17:52:31
Lake Oswego Real Estate RMLS Market Action Report October 2019

2019-11-04 17:19:16
Lake Oswego Real Estate RMLS Market Action Report September 2019

2019-10-16 17:31:07
Lake Oswego Halloween Events

2019-09-23 16:47:48
Lake Oswego Real Estate 5 Reasons To Sell Your Home In The Fall

2019-09-18 16:23:48
Lake Oswego Real Estate Small Changes Can Make A Big Difference

2019-09-17 05:56:32
Lake Oswego Real Estate The Tax Man Commeth

2019-09-16 18:46:43
Portland Metro Real Estate Price Appreciation YTD

2019-09-13 03:33:49
Lake Oswego Real Estate RMLS Market Action Report August 2019

2019-08-15 15:58:55
Lake Oswego Real Estate RMLS Market Action Report July 2019

2019-08-09 16:10:13
Luxury Home Sales In Lake Oswego Over $1M

2019-08-07 18:38:14
Lake Oswego Real Estate Condo Stats YTD 2018 and 2019

2019-07-18 15:34:40
Lake Oswego Real Estate Oregon Rent Control Landlord/Tenant Law

2019-07-14 16:53:34
Happy Hour Q&A July 25 from 4-6 p.m. RSVP

2019-07-14 15:51:54
Lake Oswego Real Estate RMLS Market Action Report June 2019

2019-06-15 16:33:18
Lake Oswego Real Estate Sewer Bellies

2019-06-14 15:38:30
Lake Oswego Real Estate RMLS Market Action Report May 2019

2019-06-13 14:07:16
HOT NEW LISTING - West Linn, OREGON

2019-06-07 16:56:05
Real Estate Inventory By Portland Metro Areas

2019-05-26 16:07:55
Lake Oswego Concerts In The Park 2019

2019-05-18 14:30:55
Lake Oswego Real Estate Southwood Park Neighborhood Annexation

2019-05-17 18:04:54
Lake Oswego Real Estate RMLS Market Action Report April 2019

2019-04-20 16:52:58
Seniors And Boomers How To Cut Your Utility Bills

2019-04-18 17:13:25
Seniors, Boomers And Small Houses Blog

2019-04-16 18:27:12
Lake Oswego Real Estate This Week Stats Lake Oswego Zip Code 97035

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.