Are you on the fence about selling your California home? Well, get off those pickets. Hope on the side that tells you it’s time tell sell. That’s because it is! With the winter coming to a close sooner rather than later, the market is going to be booming. Be ahead of the curve and list your house now. Here’s why.
You Can Sell for More
As they say, “beggars can’t be choosers.” If someone is looking to buy a house during a time where the southern California housing market is less busy, then they’re going to have to settle for the prices that are out there. If you were to sell your house now, you can set the pace for the rest of the market.
With that being said, some people might be tire-kickers during the winter season. You need to allow wiggle room for negotiation. So, go ahead and over-inflate your house price. See if people bite and what they’re offering. That can help you strategize for the best value if your must wait until the busy season to sell.
Winter Isn’t a Bad Time
Let’s face it. Southern California weather is near flawless all year round. People can move into a new home in February without the hassle of snow. Don’t hesitate until the spring when the rest of the world lists. People are looking now!
In fact, some people prefer to buy in the winter. That way, they can take an inventory of what needs to be done during a season where they spend a majority of time indoors. Then, when spring cleaning comes along, the new homeowners will be ready to turn your house into their dream home.
Interest Rates are Still Low
The government has done a decent job of making it more manageable for new homeowners to purchase houses. As of December 2019, the interest rate for a mortgage hovered between 1.5% and 1.75%. By the end of the year, the interest rates will rise to a still-healthy 3.8%.
While 3.8% is still much lower than the 5% and above of year’s past, it’s still a steep climb from 1.75%. Therefore, people who are looking to buy houses in 2020 are going to want to act sooner than later. So, you’re more likely to get competitive offers now than you will by the more competitive months.