Denver Colorado Real Estate www.DebbieTaylorTeam.com
Debbie Taylor
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No Matter What the Groundhog Says… You Should Sell Before Spring!

No Matter What the Groundhog Says… You Should Sell Before Spring!
Flowers
Is spring closer than we think? Depending on which Groundhog you witnessed 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 home 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 out actually physically looking at homes right now. The latest foot traffic numbers show that there are currently more prospective purchasers looking at homes than at any other time in the last 12 months, which includes last spring’s buyers’ market. These buyers are ready, willing and able to purchase… and are in the market right now! Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing supply just dropped to 4.4 months, which is under the 6 months’ supply that is 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 two years. Many of these homes will be coming to the market in the near future. Also, new construction of single-family homes is again beginning to increase. A recent 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 until all this other inventory of homes comes 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 itself 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 over 23.5% from now to 2019. 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 below 4% right now. Rates are projected to be a full point higher by the end of 2015.
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.
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  1. Photo of 100 Sunny St., Newport Beach, CA 92707 (MLS # 20649469)
    8
    Pre-Foreclosure
    or Short Sale
    4 beds,  2 three-quarter baths
    1,850 sqft   lot 7,000 sqft
    Walk Score® 71
    MLS 20649469
  2. Photo of 99 Sunny St., Newport Beach, CA 92663 (MLS # 20649468)
    9
    2 beds,  1 full bath
    671 sqft   lot 7,503 sqft
    Walk Score® 66
    MLS 20649468
  3. Photo of 98 Sunny St., Newport Beach, CA 92663 (MLS # 20649470)
    9
    Pre-Foreclosure
    or Short Sale
    3 beds,  1 full, 1 three-quarter baths
    1,128 sqft   lot 5,900 sqft
    Walk Score® 68
    MLS 20649470
  4. Photo of 97 Sunny St., Newport Beach, CA 92663 (MLS # 20649467)
    9
    2 beds,  1 full bath
    1,064 sqft   lot 3,850 sqft
    Walk Score® 77
    MLS 20649467
  5. Photo of 96 Sunny St., Newport Beach, CA 92661 (MLS # 20649466)
    8
    2 beds,  1 full bath
    1,146 sqft   lot 8,685 sqft
    Walk Score® 66
    MLS 20649466
  6. Photo of 95 Sunny St., Newport Beach, CA 92661 (MLS # 20649482)
    7
    Pre-Foreclosure
    or Short Sale
    3 beds,  1 full bath
    1,338 sqft   lot 2,496 sqft
    Walk Score® 82
    MLS 20649482
  7. Photo of 93 Sunny St., Newport Beach, CA 92660 (MLS # 20649464)
    5
    3 beds,  3 baths
    3,200 sqft   lot 7,900 sqft
    Walk Score® 57
    MLS 20649464
  8. Photo of 91 Sunny St., Newport Beach, CA 92660 (MLS # 20649483)
    9
    3 beds,  4 full, 1 quarter baths
    3,971 sqft   lot 5,994 sqft
    Walk Score® 6
    MLS 20649483
  9. Photo of 94 Sunny St., Newport Beach, CA 92660 (MLS # 20649465)
    9
    4 beds,  2 baths
    2,179 sqft   lot 6,700 sqft
    Walk Score® 35
    MLS 20649465
  10. Photo of 90 Sunny St., Newport Beach, CA 92660 (MLS # 20649463)
    9
    Pre-Foreclosure
    or Short Sale
    4 beds,  3 full baths
    2,745 sqft   lot 7,000 sqft
    Walk Score® 0
    MLS 20649463
  11. Photo of 89 Sunny St., Newport Beach, CA 92660 (MLS # 20649493)
    9
    Pre-Foreclosure
    or Short Sale
    2 beds,  1 full bath
    853 sqft  
    Walk Score® 75
    MLS 20649493
  12. Photo of 88 Sunny St., Newport Beach, CA 92660 (MLS # 20649492)
    7
    Pre-Foreclosure
    or Short Sale
    4 beds,  3 full baths
    2,234 sqft   lot 6,969 sqft
    Walk Score® 25
    MLS 20649492
  13. Photo of 87 Sunny St., Newport Beach, CA 92660 (MLS # 20649472)
    7
    Pre-Foreclosure
    or Short Sale
    3 beds,  1 full, 1 three-quarter baths
    1,326 sqft   lot 4,280 sqft
    Walk Score® 68
    MLS 20649472
  14. Photo of 86 Sunny St., Newport Beach, CA 92660 (MLS # 20649462)
    7
    Pre-Foreclosure
    or Short Sale
    3 beds,  2 full baths
    1,323 sqft   lot 8,804 sqft
    Walk Score® 72
    MLS 20649462
  15. Photo of 85 Sunny St., Newport Beach, CA 92660 (MLS # 20649491)
    9
    Pre-Foreclosure
    or Short Sale
    2 beds,  1 full bath
    1,332 sqft   lot 6,647 sqft
    Walk Score® 58
    MLS 20649491
  16. Photo of 84 Sunny St., Newport Beach, CA 92660 (MLS # 20649461)
    9
    2 beds,  1 full bath
    617 sqft   lot 2,962 sqft
    Walk Score® 65
    MLS 20649461
  17. Photo of 83 Sunny St., Newport Beach, CA 92660 (MLS # 20649460)
    9
    Pre-Foreclosure
    or Short Sale
    3 beds,  2 full baths
    1,213 sqft   lot 6,000 sqft
    Walk Score® 89
    MLS 20649460
  18. Photo of 82 Sunny St., Mission Viejo, CA 92692 (MLS # 20649490)
    9
    3 beds,  1 full, 1 three-quarter baths
    2,314 sqft   lot 9,150 sqft
    Walk Score® 26
    MLS 20649490
  19. Photo of 92 Sunny St., Mission Viejo, CA 92692 (MLS # 20649471)
    9
    Pre-Foreclosure
    or Short Sale
    4 beds,  2 full baths
    1,764 sqft   lot 7,360 sqft
    Walk Score® 63
    MLS 20649471
  20. Photo of 81 Sunny St., Mission Viejo, CA 92692 (MLS # 20649473)
    9
    4 beds,  3 full, 1 half baths
    3,100 sqft  
    Walk Score® 51
    MLS 20649473
  21. Photo of 80 Sunny St., Mission Viejo, CA 92692 (MLS # 20649487)
    9
    Pre-Foreclosure
    or Short Sale
    4 beds,  3 full, 1 half baths
    3,600 sqft   lot 8,000 sqft
    Walk Score® 20
    MLS 20649487
  22. Photo of 78 Sunny St., Mission Viejo, CA 92692 (MLS # 20649475)
    9
    Pre-Foreclosure
    or Short Sale
    2 beds,  1 full, 1 half baths
    950 sqft   lot 10,776 sqft
    Walk Score® 43
    MLS 20649475
  23. Photo of 79 Sunny St., Mission Viejo, CA 92692 (MLS # 20649486)
    8
    Pre-Foreclosure
    or Short Sale
    5 beds,  2 full, 1 half baths
    3,400 sqft   lot 5,000 sqft
    Walk Score® 43
    MLS 20649486
  24. Photo of 77 Sunny St., Mission Viejo, CA 92692 (MLS # 20649474)
    5
    Pre-Foreclosure
    or Short Sale
    5 beds,  5 full, 1 half baths
    5,000 sqft   lot 10,200 sqft
    Walk Score® 26
    MLS 20649474
  25. Photo of 76 Sunny St., Mission Viejo, CA 92692 (MLS # 20649459)
    8
    1 bed,  1 full bath
    552 sqft   lot 888 sqft
    Walk Score® 92
    MLS 20649459
  26. Photo of 75 Sunny St., Mission Viejo, CA 92692 (MLS # 20649489)
    8
    5 beds,  5 full baths
    5,000 sqft   lot 43,560 sqft
    Walk Score® 35
    MLS 20649489
  27. Photo of 74 Sunny St., Mission Viejo, CA 92692 (MLS # 20649488)
    9
    5 beds,  5 full baths
    5,000 sqft   lot 43,560 sqft
    Walk Score® 57
    MLS 20649488
  28. Photo of 73 Sunny St., Mission Viejo, CA 92691 (MLS # 20649458)
    9
    5 beds,  4.5 baths
    4,649 sqft   lot 2.21 ac
    Walk Score® 6
    MLS 20649458
  29. Photo of 72 Sunny St., Mission Viejo, CA 92691 (MLS # 20649457)
    9
    2 beds,  1 full bath
    700 sqft   lot 6,750 sqft
    Walk Score® 52
    MLS 20649457
  30. Photo of 71 Sunny St., Mission Viejo, CA 92691 (MLS # 20649456)
    8
    Pre-Foreclosure
    or Short Sale
    3 beds,  2 full baths
    1,700 sqft   lot 1,263 sqft
    Walk Score® 97
    MLS 20649456
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