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It's The Perfect Time To Put Your House On The Market
Henderson and Las Vegas homewoners are front and center in the local real estate recovery. Even if you're thinking of short selling your home. Right now there are three big reasons to put your home on the market TODAY! REASON #1-- Henderson and Las Vegas home sellers are in the driver's seat. Over the past few months, the local real estate market has heated up.So much so that if you own a home and list your property, it's likely you'll be able to sell your home quickly AND get multiple offers. Why? The inventory of homes in The Valley is shrinking fast. There just aren't enough homes to sell.REASON #2-- Buyer demand for homes is strong. The demand is so strong that prices are on the rise in Henderson and Las Vegas. Even though home prices are increasing, home buyers are getting a great value for their real estate dollar. This trend puts home sellers in a great position to sell and the timing couldn't be more perfect.REASON #3-- Interest Rates are about the lowest we've seen. Buyers are able to take advantage of unheard of low interest rates and there are some great programs in Nevada to help with the down payment. When interest rates are low, people can afford a mortgage payment. In some cases, it's less expensive to own than to rent. Home sellers are sought after because more people can finally afford to buy a home.It may sound crazy to put your house on the market during the Holiday Season, but people are out there looking for homes right now. Lock in your sale. Get the price you want. Let potential buyers lock in a low interest rate. Everyone wins. If you'd rather move after the holidays, find a great real estate agent (like me) and set the date you want to move as a contingency.For people thinking of a short sale, the market trends are in your favor as well. The rules for banks changed on November 1st. Now banks have just 60-days to get through the paperwork. Plus, some banks (especially Bank of America) are offering incentives for people that are underwater to move. An underwater home buyer can find a rental quickly and be in a position to buy another home in 2 years or less. The impact on your credit can be minimized and if your sale is complete before the end of the year, you can take advantage of the Debt Relief Act which is set to expire on December 31st.Before you buy your Turkey, get your house on the market. There couldn't be a better time. ...read more
By Henderson Hot Properties November 12, 2012