We are in the second stretch of summer here in Houston! Before you know it, the kids will be returning to school and the days will begin to shorten. As your real estate team, we are here to inform you that if you were hoping to sell your home this summer, there’s still time! Now is the ideal time to sell, so if you’d like to, don’t put it off.
Here are a few reasons to sell now:
1. Demand from Houston buyers is strong right now. With summer flying by, buyers are out in force! Many buyers with kids want to find a home before the new school year starts. Mortgage rates are low, and prices are rising, so buyers want to buy before either of these increase. If you want to sell your home so that you can move up to a better home, you might want to buy sooner than later, too!
2. There’s less competition right now in the Houston real estate market. The inventory of homes for sale just recently hit a historic low, with inventory 8.9 percent lower than it was last year at this time. That’s 20 percent less inventory than there was five years ago. This is difficult on buyers who want to buy now, but it’s great for sellers. Less competition means your home could sell fast and for a great price!
3. Equity is looking good for Houston home sellers. Because of recent increases in home prices, CoreLogic’s latest Homeowner Equity Report shows that the average American household gained $14,000 in equity over the last year alone! This means that as a seller, it’s either a great time for you to move up to your dream home, or it’s a great time to use that equity for your kid’s college, starting a small business, etc.
4. It’s a great time to move on with your life. If you want to sell your home, you must have a good reason! Is it to take advantage of equity? Is it so you can move up to a bigger home and have more space? Is it so you can downsize and retire? Do you want to relocate for a better job or to be closer to family or friends? It’s time to give your life the green light!
No matter what your reasons are for wanting to sell, now is a great time to do so. The Keller Williams Memorial real estate team is standing by, ready to help you through every step of the process. Don’t delay! If you’re hoping to sell this summer, contact us today.