Top Reasons to Sell Your Boston Home This Spring

Despite the strengthening of the Boston real estate market, some home sellers are still on the fence about listing their homes. Every home seller is wondering— where are housing prices headed? Where are interest rates headed this year? Is it really worth it for me to sell my home now? The answer is, yes! Boston housing prices are rising and interest rates will continue with them for the rest of the year. But aside from those three big aspects of selling a home in Boston, here are a few more to consider:

Demand is rising
Summer is coming and many home sellers are aware that this is the busiest time for the local real estate market. Serious buyers may have already come out to snag great Boston homes earlier this season, but the rest are now preparing to take the market by storm. Demand is about to increase significantly, especially as more sellers pick up on the higher sales prices we're seeing. Buyers are ready and able to buy homes in Boston, so don't miss out!

Competition is down
For now, home sellers do not much much competition in the local market. But this won't last long— it is a fact that housing inventory grows from spring through summer as moving conditions are favorable. Not to mention more homeowners have regained positive equity in their homes and are ready to move again. Many of these homes are about to hit the market and you can beat them to it if you list your Boston home this spring. The inventory will only continue to grow over the next few months, you won't want to wait!

It's time to move-up!
Maybe you're one of those homeowners who's regained positive equity in their Massachusetts homes— there has never been a better time to move up! The Boston luxury real estate market is booming, meaning larger, more expensive homes are a hot ticket item! Have you been considering purchase one of these homes? Now is the time. According to KCM, Keeping Current Matters, "Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. 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."

Moving to a new home this year will not only be less expensive this spring, but less of a struggle! You now have less competition, as a Boston home seller, and your home will be in demand. If you're ready to make your home sale happen, contact me to discuss what we can do to ensure your success!

Ken Snyder

Keller Williams Realty Boston-Metro

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