Parkland Parrot

Archive for May 15th, 2011

5 Reasons To Sell Your Parkland Florida Home Now

If you been pondering the thought of making a move in the next year, now could be the best time to list and sell your Parkland or South Florida real estate home rather than waiting another year or more.  Below, please find Parkland real estate expert Michael Citron’s five reasons to consider selling now:

1. Ideal Time For Home Exposure: The spring and summer months are typically the best time for buyers looking to purchase a home before the next school year begins.  With the surge of buyer activity, your home will get the best exposure and ultimately offers from motivated buyers ready to pay top market dollar for your home!
2. Competing South Florida Short Sale & Foreclosure Listings: There are less homeowners defaulting on their mortgage payments, which is a good thing.  But, the bad news is that there is a large inventory of shadow foreclosure and short sale listings that will be coming on the market in the next 6 months.  As a result, if you list now instead of later this year, you will have less distressed home listings competing against you.  These distressed properties typically sell for 20-30% less than market value.
3. 6 Months Of Increased Mortgage Interest Rates: Currently, interest rates are again under 5%.  However, an increase of 1/2% has occurred in the past six months.  With every 1/4% increase in interest rates, approximately 250,000 buyers are unable to qualify for mortgages.  As a result, there will be fewer buyers in the near future, as well as a higher mortgage payment for you when you sell and then look to buy a new home.
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