Spring is widely considered to be the best time of year to sell a house. However, sellers should not wait another month to get ahead of the spring market.
Carmel, IN (PRWEB) February 08, 2016
“Spring is widely considered to be the best time of year to sell a house,” said Phillips. “However, sellers should not wait another month to get ahead of the spring market.”
The Phillips-Fox Team further states that the time is right to get a home on the market now, considering the following five factors.
No. 1: Improved market. Recent housing data released by MIBOR shows a strong December to close out 2015. In fact, in December, pending sales grew 19.3 percent for the month while closed sales increased 11.5 percent, compared to December 2014.
No. 2: High demand. The National Association of REALTORS® (NAR) reports that existing home sales jumped 14.7 percent in December from November and rose 7.7 percent over December 2014. Additionally, the prospect of higher mortgage rates in coming months and warm November and December weather allowed more homes to close before the end of the year.
No. 3: Low supply. “Indianapolis inventory has been down year over year; therefore, homes are selling quick at correct listing prices,” said Fox.
No. 4: New construction coming back. “More and more buyers are considering new construction to get the perfect house if they cannot find a house in inventory,” said Phillips. “People are willing to drive further out into the suburbs of Indianapolis to live in their new dream house.”
No. 5: Interest rates projected to inch up by the end of the year. “Additionally, there is the prospect of higher mortgage rates in coming months due to the stock market and an election year, as we have witnessed in the past,” said Fox.
To better ensure your home sells this spring, the Phillips-Fox Team offers “the best web capabilities and technology in the industry,” said Phillips. “We have an effective marketing strategy and will review and strategically communicate this to you weekly.” They also ensure the fewest days on market, accurate value comparison and premarket preparation. “This includes a home-stager consultation and professional photographer at no charge to you,” said Fox.
About the Phillips-Fox Team
The Phillips-Fox Team of Century 21 Scheetz provides experience and knowledgeable expertise to buyers and sellers. Lisa and Eric embrace technology and are familiar with metro Indianapolis. For more information, please call Lisa at (317) 219-9277 and Eric at (317) 696-3250. The office is located at 270 East Carmel Drive, Carmel, IN 46032.
About the NALA™
The NALA offers local business owners new online advertising & small business marketing tools, great business benefits, education and money-saving programs, as well as a charity program. For media inquiries, please call 805.650.6121, ext. 361.