I want to share with you 5 reasons to sell your Tooele UT home this winter
I get articles daily from a variety of websites and industry newsletters that keep me up to date with what’s happening in our industry, and allows me to pass on helpful real estate information to clients, future clients and families that are looking to partner up with someone that is:
- An Industry Professional
- Local Representation
- A Full Time REALTOR
The way it works is that If I come across material that I can see could be helpful to home buyers (or sellers). I will generally add some comments that I feel will make the advice more helpful or more understandable and then post it on my website or/and Face Book or some other social media platform.
I’ll be honest with you; while I think it’s a great service for my clients and I love doing it. My main objective is to build credibility with those families using the internet for houses to buy and an agent they are comfortable with.
Also, since most of the internet information is passed along as national trends or national suggestions it gives me a chance to insert meaningful local tips.
This is one of those articles: Enjoy!
Below are five compelling reasons to list your house this winter.
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.
The advantage of the buyer activity currently in the market added to a scarcity of sale able product skews the market even further.
The lack of good housing inventory (listings) enhances the demand issue I’d like to add that while there is an abundance of buyers to fuel activity, the ratio of listed properties in Tooele to willing buyers is heavily weighted towards success for the sellers.
2. There Is Less Competition Now
Inventory is still under the 6-month supply needed for a normal housing market. This means in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.
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.
Recent studies indicate that for a variety of reasons, families are remaining in their homes longer than ever before. (WSJ recently opined a 13 year span).
It could be that recent wage stagnation (prior to 2018) has deferred normal “moving up” schedules, and likewise postponed retirement plans in the hopes of saving more for “the golden years”. Many folks choosing the “aging in place” option.
Similarly, we have the longevity factor.
Young people are delaying moving away from home, and elderly require looking after longer than ever. The family home with some remodeling work may suit these changing lifestyle norms.
Many homeowners were reluctant to list their homes over the last couple of years, for fear they would not find a home to move into. 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. Buyers Are Serious at This Time of Year
Traditionally, homeowners think about spring as a great time to list their homes, when more buyer traffic may be out there actively searching. In the winter, however, the buyers who are seeking a home – whether for relocation or otherwise – are serious ones. They’re ready to make offers and they’re eager to move, often quickly. Your house may be exactly what they’re looking for, so listing when other potential sellers are holding off may be your best opportunity to shine.
Let’s face it; Anyone looking at homes to buy in Tooele County over the Christmas season and in the unpredictable weather of January & February MUST BE SERIOUS. Not only that, they probably are under some time restraints. Plus with all the unpleasantness associated with looking at listings over the winter, buyers are much less likely to entertain anything at all that would resemble “buyers remorse”. In other words, what’s sold when it snows stays sold.
4. There Will Never Be a Better Time to Move Up
If your next move will be into the premium or luxury market, 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 now. Demand for your entry-level home is high, and inventory in the luxury or premium market is too.
According to CoreLogic, prices are projected to appreciate by 5.6% 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 in your 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’s worth waiting. Is money more important than being with family? Are you ready 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 this winter. Perhaps the time has come for you and your family to move on and start living the life you desire.
What is truly important.
Let’s face it no one likes buying or selling during the winter months. It’s inconvenient, uncomfortable and nerve wracking.
Having an agent that has weathered the storm so to speak and has bought and sold homes in Tooele County for many Winters is very important.
I’d like to apply for that job.
With over 27 winters under my belt and a bad weather driver in my pocket with almost as many (Chris), I know I qualify.to be your partner.
But, still not sold?, You can see more about me by visiting my website bio to see what I have done in over a quarter of a century. If you want to know what I know check out my blog and see what I have written about Tooele County real estate.
Or, just give me a call Berna Sloan 435-840-5029. Say “let’s talk about those 5 reasons to sell your Tooele home this winter”.