4 Reasons to Sell Your Home in Albuquerque This Spring
Are you ready to sell your home in Albuquerque? If so, then now is the perfect time to sell. Typically, Spring is usually the best time of year to sell a home. But there are other factors taking place right now that make selling your home this Spring even more advantageous. Here are the 4 reasons you should sell your home now.
1. Strong Demand
The National Association of Realtors Buyer Traffic Report shows that buyer traffic is strong in New Mexico. Buyers are ready and able to buy right now. And the more buyers on the market means that they are competing with each other to buy homes, meaning a bidding war could happen over your home. In the end, that could mean more money in your pocket.
2. Less Competition
Housing inventory has been declining for the past 32 months, remaining under the normal 6-month supply. That means there’s not enough homes for all the buyers. That’s a good thing for you if you’ve built up equity in your home. But this situation may not last long. The average number of years that homeowners stayed in their homes has been around 9-10 years since 2011. This was due to the previous negative equity that kept many homeowners from selling. Now as values are rising, more will be enticed to sell.
3. The Process Will Be Quicker
The competition among buyers has forced them to do what they can to stand out from the market, which includes getting pre-approved for their financing. This speeds up the selling process and makes it simpler, as buyers will be more likely to know how much they can spend.
4. Time to Move Up
If you plan on moving into a more premium or luxury home, now is the ideal time. Higher priced homes are actually selling for less due to a higher inventory at this price range. So if you’re selling a starter home, your home will sell more quickly and you’ll be more likely to find a premium home.Don’t wait to let the best time for the year slip by to sell your home in Albuquerque. Sell now while the time is ripe. Sandi Pressley and her expert team can help you sell your home in record time and find the home of your dreams in Albuquerque. Find out what your home is worth now with our free instant Market Valuation. And make sure to follow us on Facebook for the latest Albuquerque real estate news.
HOT HOME LISTING OF THE WEEK!
5243 Foothills Trail NE, Albuquerque, NM $798,000
3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3156 Square Feet
Gated community of the Wilderness! Casual elegance abounds in this Scott Patrick Gold Package custom home. Tons of features include Oversized great room w/stacked stone fireplace, wall of windows! Gourmet kitchen has custom island, pantry, gas cooktop, custom cabinetry, Sub Zero fridge, Wolfe double oven. Private Master Suite on its own wing!
Contact the Sandi Pressley team for additional details!
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