The traditional wisdom when selling real estate happens to be to wait until the 'Spring Buying Season'

The conventional wisdom when selling a home happens to be to hang about until the 'Spring Buying Season'. In recent times, that has seemed to make sense and is now

acknowledged as a positive strategy for those who want to sell their house and acquire the best possible price. This housing market has shattered many formerly held philosophy. The wisdom of waiting around for a spring market is another perception which may be on the verge of tumble. Here are five reasons why?

1.) Interest Rates Are On the Rise
Interest rates have spiked up rather rapidly over the last ninety days and are now over 5%. At first, a rise in rates has a favourable effect on the market as it forces buyers off the fence. Having said that, it also eats into a buyer's purchasing power. As rates escalate, the home loan amount a buyer is eligible for lowers. This will ultimately possess a destructive effect on prices.

2.) Ones Dream Home Should Never Be More cost-effective
If your spouse and children objective is to market your current house and make use of the fabulous selection of properties now available to buy the home of your dreams, Do It Today! Prices will continue to soften in most marketplaces. Even so, should you be purchasing, COST should be more important than PRICE. Cost might end up being significantly impacted by rising home finance loan interest rates. Do the calculations and decide if the time has come.

3.) Buyers Are Available In advance
There is growing evidence that potential buyers are popping out early on this year. A belief that now could be a good time to buy coupled with the increase in interest rates has started the buying season ahead of time.
Pete Flint, CEO of Trulia:
"We're seeing a nationwide resurgence of buyer and seller activity on Trulia. com. In January alone, we experienced an unparalleled level of internet site traffic including 11 million unique visitors - which is much more than 70 percent year-over-year growth. We've are actually experiencing 100,000 home views each and every minute. "
The National Association of Realtors just reported that the number of house sales increased 12.9% over last month.

4.) Inventory Will increase Every Spring
Every year there is an raise of inventory which comes to marketplace as we approach the spring. Here is the number of listings available for sale in 2010.
February - 3,531,000
March - 3,626,000
April - 4,029,000
We tend to believe there will be a rise in these numbers in 2011 as there exists a pent-up selling demand created by the weak market of the last few years. You won't need to worry about this increasing competition if you sell now.

5.) We Are in the Eyeball of the Foreclosure Storm
While financial institutions are attempting to correct their foreclosure procedures, there is a large supply of discounted houses that has been overdue coming to market. This inventory are going to be released at some point in the next quarter or so. House foreclosures sell on average at a 41% discount. When introduced to the market they are going to rivalling with your property for the prospective buyers that you can buy. If you would like to sell in 2011, you want to sell before this inventory becomes your competition.

CNN Money quoted the leadership Of RealtyTrac on this issue:

"We've now seen three straight months with fewer than 300,000 properties receiving foreclosure filings, following 20 straight months where the total exceeded 300,000," said James Saccacio, CEO of RealtyTrac.
"Unfortunately," he added, "This is less a sign of a strong housing recovery and more a sign that lenders are becoming bogged down in reviewing procedures, resubmitting documents and formulating legal arguments related to accusations of incorrect foreclosure processing. "
"We anticipate a spike in the first quarter," said Rick Sharga, a RealtyTrac spokesman.

Bottom Line
These are five powerful reasons to sell today in lieu of waiting around until later in the year. Sit down with a local real estate professional today and decide the best options for you and your family.

About the Author

Tony Robusto
Broker Associate
Nothnagle Realtor
www.ganandatoprealtor.com