You’re In Luck! 5 Reasons Why 2016 is a Great Time to Sell

Happy St. Patrick's Day! I wish you luck in all your ventures!

Speaking of ventures, if you just so happen to be considering selling, you're in luck.

Here are just five of many reasons why now is a great time to sell.

1. Low Inventory

Perhaps you've already realized this, but inventory is low in today's real estate market. For you as a seller, that means your listing gets more views, more showings, and more attention. Buyer's are motivated, and here is why…

2. The Impending Rise of Interest Rates

With interest rates threatening to rise in the near future, savvy consumers are looking to lock in their interest rates, and NOW. This results a significantly larger pool of buyers. More buyers and less inventory often leads to multiple offers and bidding wars.  People looking to buy homes in this market are ready to move quickly.

3. Speaking of Quickly…

While we're on the topic, you should probably know that the majority of homes in Kootenai County are selling in 4 months or less. The key to selling fast is pricing your home right. Check out one of my earlier blog posts showing average days spend on the market for homes in Kootenai County in February.

With over a decade of experience in pricing and selling homes, Chad Salsbury and I provide all our customers with a free comparative market analysis on their home's market, give constructive feedback on minor adjustments to make your home  inviting to potential buyers, and then we let you sit back and relax while we sell it for you.

4. The Skyrocketing Costs of Renting

Another reason so many consumers are choosing to take the next step is to save money. Rent prices are rising rapidly, and many people find they can spend less money on a mortgage payment than on their rent. For many, home ownership is a no-brainer in today's market. This again adds to the increasing pool of motivated buyers.

5. New Construction is Booming

You're probably thinking to yourself… WAIT! If inventory is low and the market is competitive, where will I live?

You're in luck. With a realtor in your corner, you have someone to comb through all the listings and compete for you. 

However, you may find something you would change about each and every pre-existing home. Don't get discouraged.

For those who find this to be true, there is good news. New construction is booming in 2016.

You would be happy to discover, and probably a little surprised, that we can help you design a home tailored to your needs, style, and budget, AND put you on acreage.

We've partnered up with Timbered Ridge Custom Homes to offer quality and affordable options for your next home. Our floor plans are completely customizable and we can finish your home 75-90 days from foundation.

If your interest is piqued or you would just like to know more, call myself or Chad today.

There is never any obligation or pressure on our end. We just want to provide you with all the facts.

In Summation:

The real estate market in Kootenai County is extremely healthy. It's a great time to pick up the phone and call.

Ken Moeller

208-661-8043

KenMoeller@Windermere.com