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4 Reasons to Sell Grayslake Home Now

4 Reasons to Sell Grayslake Home Now

As the temperature rises, buyers are coming out ready to purchase their dream home.

Inventory is still below historic numbers and demand is strong.

Don’t miss out on this great opportunity for you and your family.

Here are 4 reasons to list your Grayslake home now:

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are more prospective purchasers currently looking at homes than at any other time in the last 12 months which includes last spring’s buyers’ market. These buyers are ready, willing and able to purchase… and are in the market right now! Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing supply just dropped to 4.6 months, which is under the 6 months’ supply that is needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future. Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference). The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market in recent times has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker and simpler.

4. There Will Never Be a Better Time to Move-Up


If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19.3% from now to 2019. 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. You can also lock-in your 30-year housing expense with an interest rate under 4% right now. Rates are projected to increase by about three quarters of a percent by the end of 2015.

Click here to search Grayslake Homes for Sale.

Jim Starwalt

Thinking of making a move?

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

Find Me Online

      


 4 Reasons to Sell Grayslake Home Now

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Association with a brand name that America knows and trusts.

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Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@Star…

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Association with a brand name that America knows and trusts.

When you work with us, you become part of a brand which is a real part of American culture: an iconic lifestyle brand that is well known and trusted.

And what’s more, it inspires people’s passion for their homes!

Better Homes and Gardens enjoys 96% brand awareness.

It is the most trusted lifestyle brand.

More than 12mm people come to the magazine’s website each month.

40 million people read the magazine every month. representing 1 in 6 adults, 1 in 5 homeowners, 1 in 4 women. 

27% of the brand’s audience is millennials. 

But most important, the brand is trusted. 

Better Homes and Gardens and Better Homes and Gardens Real Estate will amplify the personal brand you have built, and the wonderful brand that our brokerage has built. 

Learn more at http://bhgrecareer.com

Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
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