1. Buyer Demand is strong and will continue to be strong into 2018
Buyer demand is still strong nationally and it is true here in Vero Beach real estate. With inventory levels also still below historic numbers, you could be missing out on a great opportunity for your family. Housing supply just dropped to 5.1 months, which is under the 6 months’ supply that is needed for a normal housing market. In many areas in Vero Beach mainland, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home sellers and home prices.
However, additional inventory is about to come to market as more home owners will take advantage of this situation. Vero Beach homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.
2. There is less Competition now before the season starts
Although the current inventory cannot satisfy increasing demand, additional inventory is about to come to market as more home owners will take advantage of this situation. Many Vero Beach homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.
Also, new construction of single-family homes is ongoing in many areas in Vero Beach and is expected to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).
The choices buyers have will continue to increase over the next few months. Don’t wait until all this other inventory of homes comes to market before you sell.
3. There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 11.5% from now to 2019. 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. You can also lock-in your 30 year housing expense with an interest rate in the low 4’s right now. Rates are projected to be close to 5% by this time next year.
4. 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?
You have the power to take back 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.
If you are planning to sell your Vero Beach home, call me at 772-532-0945 and I will be happy to stop by, preview your home and give you a complete no-obligation price analysis and ideas on what you can do to increase its value.
If you want to know what your home is really worth NOW, find out immediately and for FREE by entering your address in the entry form below.