4 Reasons To Move Up This Spring

Dated: 05/12/2016

Views: 450

STM-Share-2

Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider listing your current home and moving up to your dream home now, instead of waiting.


1. Buyer Demand is High & Inventory is Low

Recent numbers show that buyer demand is at the highest peak experienced in years, and inventory for sale is at a 4.5-month supply, which is still markedly lower than the 6 months needed for a historically normal market.

Demand in many markets is far exceeding the supply, and more properties in March sold in less than 30 days (42%) than in any month since last July.

Listing your home today can greatly increase exposure to buyers who are out in force and ready to act.


2. Prices Will Continue to Rise

CoreLogic recently released their latest Home Price Index in which they predict that national home values will appreciate by 5.3% by this time next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting for your current home’s value to increase before selling could price you out of your new home if you aren’t careful.


3. Mortgage Interest Rates Are Still Near Record Lows

Interest rates have remained below 4% for some time now and are substantially lower than the rate previous generations paid when getting a mortgage.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will rise over the next 12 months.

An increase in rates will impact YOUR monthly mortgage payment. Even an increase of half a percentage point can put a dent in your family’s net worth. Whether you are moving up or buying your first home, your housing expense will be more a year from now if a mortgage is necessary to purchase your home.


4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Have you always wanted to live in a certain neighborhood? Would a climate change be just what the doctor ordered? Would you like to be closer to your family?


Bottom Line

If the right thing for you and your family is to move up to the home of your dreams this year, buying sooner rather than later could lead to substantial savings.



As an agent with EXIT Realty Denver Tech Center, Mandi brings special tools and solutions that exceed the expectations of her clients. She understands the stresses and hassles involved in the buying and selling process and strives to alleviate these concerns for her clients. If you are considering listing your property in the Denver area please call or text Mandi at 303-246-7985 or email her at [email protected] to start the process with a knowledgeable and trustworthy real estate professional.

Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Latest Blog Posts

Open House in Fairway Vista in Littleton this Saturday

10679 W Cooper Place, Littleton, COCome see this immaculate & Updated Littleton home! Open to the public Saturday, September 22 from 11 am- 3 pm.  6 Beds, 4 Baths, 3254 Sq Ft. *Appealing

Read More

Open house 8376 Green Island Cir, Lone Tree: 9/21 1-3pm

Beautiful Falcon home in sought after "Fairways" of Lone Tree. As you walk though the doors to this striking home you will see a sweeping staircase the pulls you into the open floorplan. Vaulted

Read More

Take a look at these Capital Hill Homes!

Investors! Peep your eyes on this beautiful Cap hill duplex that just needs a little love. This home features 3 beds and 1 bath with just over 1600 sq. ft! If you are interested in scheduling a

Read More

Fantastic Country Club Remodel, Now Available!

Stunning remodel, Great LocationCome take a look at this fully remodeled home only steps away from Cherry Creek, Denver Country Club, and Washington Park….This two story home was fully

Read More