5 Reasons to Sell Your House This Summer with Utah Realty

5 Reasons to Sell Your House This Summer | MyKCM

Here are 5 compelling reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index  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, multiple buyers are competing with each other for the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire 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 are granted the freedom to move.

Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. 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 to decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.)

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!

According to CoreLogic, prices are projected to appreciate by 4.8% 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 mortgage payment) 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 is worth waiting. Is money more important than being with family? Is money more important than having the freedom 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. Perhaps the time has come for you and your family to start living the life you desire.

That is what is truly important.

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What Every Seller Needs To Know About Renovating This Year If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a trusted real estate professional...

Want Top Dollar for Your House? Now’s the Time To List It.

Want Top Dollar for Your House? Now’s the Time To List It.

Want Top Dollar for Your House? Now’s the Time To List It. When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is...

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Wasatch Front Home Prices Soared

Median single-family home prices on the Wasatch Front soared in the fourth quarter. Home prices in the 10 most expensive Wasatch Front ZIP Codes now rival many other large U.S. cities. Alpine’s median price climbed to $1.3 million, a higher median price than Los...

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Consumers Agree: It’s a Good Time To Sell

Consumers Agree: It’s a Good Time To Sell In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage...

How Remote Work Impacts Your Home Search

How Remote Work Impacts Your Home Search

How Remote Work Impacts Your Home Search Some Highlights If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search. Ongoing remote work could give you the chance...

Pre-Approval Is a Strategic Move When You’re Buying a Home

Pre-Approval Gives You The Edge

Pre-approval gives you a competitive edge when you make an offer on a house. Let's connect so you're in the best position when you find your dream home. [video width="1920" height="1080"...

Sam and Lacie Diamond

Sam and Lacie Diamond

Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 General Contractor 2000 (in-active) e-pro (advanced digital marketing) 2001 Certified Residential Specialist 2009 Certified Negotiation Expert 2014 Master...

Why a Move Could Bring You More Happiness This Year

Why a Move Could Bring You More Happiness This Year

Why a Move Could Bring You More Happiness This Year Over the past two years, we’ve lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that’s led us to re-evaluate both what we...

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Housing Inventory Lower than Last Year

Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 General Contractor 2000 (in-active) e-pro (advanced digital marketing) 2001 Certified Residential Specialist 2009 Certified Negotiation Expert 2014 Master...

Why Your Home Inspection Matters

Why Your Home Inspection Matters

Why Your Home Inspection Matters Some Highlights Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. Your home inspection is a crucial step in the homebuying process. It assesses the...

The Next Generation of Homebuyers Is Here

The Next Generation of Homebuyers Is Here

The Next Generation of Homebuyers Is Here Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about...

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Why Pre-Approval Is Key for Homebuyers in 2022

Why Pre-Approval Is Key for Homebuyers in 2022 You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with...

Buyers Want To Know: Why Is Housing Supply Still So Low?

Buyers Want To Know: Why Is Housing Supply Still So Low?

Buyers Want To Know: Why Is Housing Supply Still So Low? One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers...

When Is the Right Time To Sell ?

When Is the Right Time To Sell ?

When Is the Right Time To Sell Some Highlights If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. The latest data indicates home...

Expert Insights on the 2022 Housing Market Utah Realty™

Expert Insights on the 2022 Housing Market Utah Realty™

Expert Insights on the 2022 Housing Market As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we...

Your Best Offer

Your Best Offer

5 Tips for Making Your Best Offer on a Home As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition. 1....

A Happy Tail: Pets and the Homebuying Process

A Happy Tail: Pets and the Homebuying Process

A Happy Tail: Pets and the Homebuying Process Some Highlights It’s no secret that we love our furry friends - about 70% of U.S. households have pets. What may come as a surprise is how large a role they play in the homebuying process. Americans spend $1,163 a year on...

Two Reasons Why Waiting To Buy a Home Will Cost You

Two Reasons Why Waiting To Buy a Home Will Cost You

Two Reasons Why Waiting To Buy a Home Will Cost You If you’re a homeowner who’s decided your current house no longer fits your needs, or a renter with a strong desire to become a homeowner, you may be hoping that waiting until next year could mean better market...

Reasons To Hire a Real Estate Professional 

Reasons To Hire a Real Estate Professional 

Reasons To Hire a Real Estate Professional Some Highlights Whether you’re buying or selling, there are many perks that come from working with a real estate advisor. Real estate professionals are experts at navigating all aspects of the buying and selling process,...

Happy Thanksgiving This 2021

thank·ful expressing gratitude and relief. "an earnest and thankful prayer OHANA is a Hawaiian term meaning "family" (in an extended sense of the term, including blood-related, adoptive or intentional). THANKSGIVING It began as a day of giving thanks and sacrifice for...

Retirement May Be Changing What You Need in a Home

Retirement May Be Changing What You Need in a Home

Retirement May Be Changing What You Need in a Home The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According...

Should I Update My House Before I Sell It?

Should I Update My House Before I Sell It?

Should I Update My House Before I Sell It? Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates...

Sell Your House Before the Holidays

Sell Your House Before the Holidays

Sell Your House Before the Holidays As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the...

Numbers Don’t Lie – It’s Still a Great Time To Sell

Numbers Don’t Lie – It’s Still a Great Time To Sell

Numbers Don’t Lie – It’s Still a Great Time To Sell Some Highlights Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is...

Experts Project Mortgage Rates Will Continue To Rise in 2022

Experts Project Mortgage Rates Will Continue To Rise in 2022

Experts Project Mortgage Rates Will Continue To Rise in 2022 Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates...

Sellers Have Incredible Leverage in Today’s Market

Sellers Have Incredible Leverage in Today’s Market

Sellers Have Incredible Leverage in Today’s Market With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of...

Housing Challenge or Housing Opportunity? It Depends.

Housing Challenge or Housing Opportunity? It Depends.

Housing Challenge or Housing Opportunity? It Depends. The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced...

Knowledge Is Power When It Comes to Appraisals and Inspections

Knowledge Is Power When It Comes to Appraisals and Inspections

Knowledge Is Power When It Comes to Appraisals and Inspections Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and...

Your Home Equity Is Growing

Your Home Equity Is Growing

Your Home Equity Is Growing Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business,...

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Perfect Combination

In today’s housing market, houses are selling quickly and are receiving multiple offers from eager buyers. That combination means it’s a great time to sell. DM me so we can discuss how your house plus today’s sellers’ market adds up to a great opportunity for you this...

Homebuyer Tips for Finding the One

Homebuyer Tips for Finding the One

Homebuyer Tips for Finding the One Some Highlights The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track. Because of increased demand, you’ll need to be patient and embrace compromises during...

The Big Question: Should You Renovate or Move?

The Big Question: Should You Renovate or Move?

The Big Question: Should You Renovate or Move? The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70%...

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