6 Points to Ponder About Selling Your Home

Some great points from a Pamela Todd Newsletter...

Many homeowners ready to sell are instead waiting a couple of months until the popular Spring home selling season begins. But the fact is, in many locations, NOW may be the right time to put that property on the market. Here are 5 things to think about:

1. Pay no attention to media reports on nationwide statistics for the housing market. They mean nothing to you as a seller because real estate markets are purely local.

2. Remember, the ratio of supply to demand is key to the health of your local real estate market. So no matter what you read about the housing market nationally, the local facts determine your chances of making a sale at any point in time.

3. So, the first question to ask your Realtor is how much competition you'd have if you put your home on the market now, before the Spring activity begins.

4. Because not many sellers put their homes on the market the first few months of the year, the inventory of homes for sale usually dwindles during the winter months. So, if your area is shy on inventory of good homes, now could be a good time to sell.

5. Interest rates are low but won't stay that way forever. There could be a fair number of savvy buyers in your market who know this and want to take advantage of the situation now.

6. Many experts believe that the big price declines are behind us. More than a few buyers are beginning to realize this and are taking a good look at today's market.