Thinking of Selling? 3 Reasons Why Now Might be a Good Time 

If you have been thinking of selling but not sure if now is a good time, here are 3 reasons why now might be a good time.

Low Inventory: today in Maricopa County, there are 19,674 homes available for sale in Arizona Regional Multiple Listing Service (ARMLS). This is considered low inventory for a metro-area the size of Phoenix. What does this mean to you as a seller? If there are more buyers than available homes for sale, the rules of supply and demand will apply. Or in other words, prices will be driven up by the demand of would-be homebuyers. We need more inventory to keep up with the available buyer pool!

Rent Prices are High: buyers who are renting are most likely paying more for rent than they would if they purchased a home. Nationally rent prices have gone up 15 percent in the past five years in seventy metro areas across the U.S. according to the National Association of REALTORS (NAR), and Phoenix is no exception. Many renters were forced into renting due to a short sale, foreclosure or bankruptcy. Today, more and more renters are now eligible for home financing and they are looking to own a home again.

It’s the Perfect Time to Upgrade or Downsize: while it’s true that home prices are on the rise, they are not at unaffordable prices. If you are considering a bigger, more upgraded home, now is a great time to cash in on your hard earned equity and take advantage of reasonable prices on your next home. A rise in property values means an increase in equity for many homeowners. Those who have owned their home for a longer period of time may be sitting on a pot of cash. If it’s time to consider your retirement home, you may be in a position to pay cash.

If you have been considering selling your home, now is a great time! To find out what your home is worth, contact me today for a free market analysis and a complimentary marketing plan to get your home sold for top dollar - Melissa

Melissa Dierks
The Regal Team of RE/MAX Professionals
7111 W Bell Road, Suite 101
Glendale, AZ 85308
(623) 229-0154
www.theregalteam.com

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