No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring! | Simplifying The Market

Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.

1. Demand is Strong 

Foot traffic refers to the number of people who are out, physically looking at homes right now. The latest foot traffic numbers from the National Association of Realtors (NAR) show that the number of buyers out looking for their dream homes in December reached the highest mark since February 2016.

These buyers are ready, willing and able to buy…and are in the market right now! Take advantage of the strong buyer activity currently in the market.

2. There Is Less Competition Now 

Housing inventory just dropped to a 3.6-month supply, which is well under the 6-month supply needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices; however, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last four years. Many of these homes will be coming to market soon.

Also, new construction of single-family homes is again beginning 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 increase in the spring. Don’t wait for this other inventory to come to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend to a smoother transaction.

4. 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 4.7% over the next 12 months according to CoreLogic. 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 around 4% right now. Rates are projected to rise by half a percentage point by the end of 2017.

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 your health? 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 the questions above. 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.

That is what is truly important.  Give me a call to get started – J.P. Cook – 602-320-4253.

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2912 E Houston Avenue Gilbert, AZ 85234

$1,799,000
4 Beds
3 Baths
3,600 SqFt
Status Active
MLS # 6769708
Property Type Single Family Residence
Price Type --
Country Paradise hidden in the city! Nestled on over an acre of lush greenery, this stunning 4-bedroom, 3-bathroom dream home is surrounded by 55+ irrigated trees, including mature oaks, ash, and fruit-producing orange, lemon, tangerine, grapefruit, peach, and plum trees. Summers feel cooler amidst the natural beauty. The master suite is conveniently located on the main floor. The recently updated exterior boasts new siding and a redone front porch (2023). Inside, the kitchen shines with white cabinets, soapstone countertops, and a full-sized refrigerator/freezer. The family and dining rooms feature gorgeous wood beams and hardwood floors throughout. A red barn 4-car garage with a 220V outlet and a covered horse stall complete this incredible property. This one is unique come and see it!

4222 E Mclellan Circle Unit 7 Mesa, AZ 85205

$1,799,000
4 Beds
5 Baths
5,542 SqFt
Status Active
MLS # 6753092
Property Type Single Family Residence
Price Type --
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MLS # 6780298
Property Type Single Family Residence
Price Type --
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$1,799,000
4 Beds
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Status Active
MLS # 6769048
Property Type Single Family Residence
Price Type --
LUXURY LIVING IN PRIME CAVE CREEK LOCATION WITH PRIVATE ELEVATOR-Discover Modern Elegance at Hidden Rock in a prime Cave Creek location! Situated at the base of Black Mountain, this stunning former model home perfectly blends contemporary style with Southwest charm. Step inside to be greeted by soaring ceilings and a breathtaking 22-foot gas fireplace. The 400-bottle wine wall is a focal point, complementing the chef's kitchen featuring a large granite waterfall island, Thermador stainless steel appliances, a gas cooktop, built-in espresso machine, and custom bookend cabinetry. The main level boasts a luxurious master suite with a spa-like bath designed for relaxation. A generously sized guest bedroom with an ensuite bath offers comfort and privacy. Ascend via your private elevator to the spacious second primary suite, complete with its own private balcony showcasing captivating mountain views. On this upper level, enjoy a versatile media room or additional ensuite bedroom, wet bar, and an open loft that leads to a large patio perfect for soaking in spectacular sunsets. The expansive, enclosed backyard is an entertainer's dream, featuring a gas fireplace and built-in BBQ. Close proximity to the community pool and cute walk way right to the Grotto. Amazing location walking distance to many trails, bars, restaurants, and shopping! Experience the best of modern luxury living and Southwest serenity at this Hidden Rock beauty!

3089 S Prospector Circle Gold Canyon, AZ 85118

$1,799,000
4 Beds
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3,072 SqFt
Status Active
MLS # 6142764
Property Type Single Family Residence
Price Type --
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3119 S Prospector Circle Gold Canyon, AZ 85118

$1,799,000
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3,072 SqFt
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MLS # 6142777
Property Type Single Family Residence
Price Type --
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3149 S Prospector Circle Gold Canyon, AZ 85118

$1,799,000
4 Beds
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3,072 SqFt
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MLS # 6159305
Property Type Single Family Residence
Price Type --
Build your Dream Home in Prospector Village at Superstition Mountain Golf and Country Club. Top of the line Luxury Finishes. Lot 1 (Golf Course Lot). Two single level 3,000+sqft, 3Bdrm + Den 3.5 Bath floor-plans available. Three car garage option. Superstition Mountain Golf & Country Club is a private guard gated community with two Jack Nicklaus courses, magnificent clubhouse, sports club with swim/tennis/fitness and so much more! Built by Landmark Custom Home Builders. Photos are of previous models. Prices are subject to change

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$1,799,000
4 Beds
3 Baths
2,984 SqFt
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MLS # 6720526
Property Type Single Family Residence
Price Type --
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8300 E Dixileta Drive Unit 253 Scottsdale, AZ 85266

$1,799,000
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Property Type Single Family Residence
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Sunlit sanctuary nestled in the prestigious fire-wise, guarded community of Sincuidados, close to golfing & hiking trails. This custom luxury home, on an acre+ interior lot, features a Split open floor plan w/several room options to suit your needs; a private home office attached to the primary bedroom; 2 new A/C's; 4 gas fireplaces; huge covered patio; built-in BBQ; formal dining room; multi-room surround sound system; spacious kitchen w/lots of counter space & large center island great for entertaining; wine fridge; wood shutters; gorgeous stone decorator features; billiard parlor w/ 9 ft table; and a rooftop deck w/panoramic views of mountains & city lights. Daily visits of birds, bunnies, and other wildlife are an added bonus to this relaxing southwest home!

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$1,799,000
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MLS # 6724011
Property Type Single Family Residence
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40167 N 110th Place Scottsdale, AZ 85262

$1,799,000
3 Beds
3 Baths
2,454 SqFt
Status Active
MLS # 6735429
Property Type Single Family Residence
Price Type --
A Desert Mountain Lifestyle Membership is available to be transferred with this property. Situated on the 1st fairway of the Apache Golf Course at the world-renowned Desert Mountain Club, this property will impress with its stunning golf course views, expansive wall-to-wall windows, soaring 12' viga ceilings, alder woodwork, multiple fireplaces and hardwood floors. Your eye will be drawn to the stunning views of the golf course to the East and the mountain, sunset and city light views to the West. This North Scottsdale upgraded Cielo model patio home features an open great room floor plan with 3 bedrooms, 3 baths and 2,454 sq. ft. all on one level. The modern southwest architectural feel and the natural light interior throughout offers a high-end custom feel. The updated kitchen showcases stainless steel appliances with a gas cooktop, double ovens, copper backsplash, granite countertops, breakfast bar, and casual dining nook with custom built-in kitchen seating. Exterior features include large covered patios with lounging areas and banco seating, private spa, updated built-in BBQ grill, view fence, lush landscaping and a two car attached garage with epoxy flooring. A portion of the additional upgrades include roof coating, skylights, HVAC, tankless water heater, water softener and garage cabinets. The Village of Apache Cottages provides a private village pool and lounging area for residents.

19899 E Natalie Way Queen Creek, AZ 85142

$1,799,000
4 Beds
3.5 Baths
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MLS # 6725556
Property Type Single Family Residence
Price Type --
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