Five Good Reasons Why You Should Consider Listing Your Bergen County House Today

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Five good reasons why you should consider listing your Bergen County house today instead of waiting until the traditional Spring season.

1.) Demand Is High

The most recent Existing Home Sales Report by the National Association of Realtors(NAR) showed that annual sales in 2012 increased 9.2% over 2011, a pace not seen since 2007. Buyers are out there right now and they are serious about purchasing.

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point since May of 2005. Selling now when demand is high and supply is low may garner you your best price.

3.) New Construction Is Coming Back

As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers. Most of the new homes will not be ready before spring/summer.

4.) Interest Rates Are Projected to Inch Up

The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2013. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5.) Timelines Will Be Shorter

There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier & most likely smoother for those involved in transactions over the next 90 days.

These are five good reasons why you should consider listing your house today instead of waiting.