Thinking of selling your home in Gardner, KS. but don’t know if you should sell now or wait until next spring?

Lets see . . .

That is a good question that many Gardner homeowners are asking themselves. You first need to analyze why you want to move. There are many reasons why a homeowner will decide to sell.

After analyzing your needs, now might be the best opportunity to sell in Gardner. Here are the 8 reasons why I think it is a perfect time to put your Gardner home on the real estate market.

1) Demand is High Right Now

According to sales data from the Heartland MLS the area has shown a sales increase and there are serious Gardner home buyers looking for homes. I helped a home buyer make an offer over full price on a home 2 weeks ago. That buyer got outbid and is still looking. Another one of my buyers made an offer last week and competed with 5 other buyers.There are serious home buyers looking for homes now.

2) Supply Will Increase in the Spring

The total real estate inventory has gone from a 7 month supply this past summer to less than a 3 months supply this fall. Home values have also gone up recently has the supply of inventory has decreased. Look for homeowners who would like to escape their negative equity position to get their homes on the market next spring. Homeowners looking to sell while demand is high and inventory low will get the best sales price.

3) New Construction is Coming Back

The past couple years homeowners that were selling their homes have not had a lot of competition from new home builders. As the real estate market recovers look for more new homes to start popping up in subdivisions like Plum Creek, Aspen Creek, Madison Reserve, Austin Reserve and elsewhere. Home buyers always seem to choose the sparkly new homes over the existing homes. Looking to sell, maybe now is a great time before the spring new homes rush hits in Gardner.

4) Look for Interest Rates to RISE!

Watching the mortgage interest rates seems to resemble a roller coaster. Rates are low someone sneezes and rates raise. Some report comes out and rates drop. Watching the mortgage interest rates can make a sane person’s head spin. For the remaining current year look for the mortgage interest rates to stay mostly unchanged. Next year is a different story. I have been in real estate for over 20 years and this is the first time I have seen so many predict mortgage interest rates to rise. In fact, the Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors alls project that rates will increase a 1% next year. This 1% change will affect the buying position of many home buyers.

Whether you are looking to up-size or down size, home buyers will find it more expensive to buy the same home next year. Serious home sellers will try to get a jump on the market. Especially if they want to benefit from the lower interest rates.

5) More Train and Truck Traffic

With the new intermodal being built to handle 1.5 million containers, it is a given that Gardner will experience more train and truck traffic next year. If you believe that this will be a negative selling point, you might want to get a jump on the real estate market before the heavy traffic hits.

6) First Time Home Buyer Financing will get More Difficult

Within 3 months, the USDA zero down rural development loan will be removed as a financing option and the FHA mortgage financing will get more difficult to obtain a mortgage in Gardner. Both of the loans are utilized by a large percentage of the home buyers in Gardner and the changes will have a dramatic negative effect on the number of home buyers able to buy in Gardner.

Thinking of selling, it maybe wise to get a jump on the market before the pool of home

buyers shrinks.

7) Some Types of Sales will get Harder

If you owe more on your home than what it is worth and need to get out from underneath the payments before you head to foreclosure, selling now will have some advantages. Next year many lenders are expected to downsize their short sale departments thus the expected time to negotiate a short sale shall increase. In addition, the rules for lenders to go after the seller for the deficit is expected to end soon.

Thinking of selling and you might be in a short sale position? Now is the time to sell.

8) Looking to Up-Size Your Home

Why does it matter if you’re looking to up-size your housing?

It matter greatly. As home values increase, doesn’t it make sense to sell now and buy the more expensive home before home values increase. I had a couple in September sell their home in Gardner for a $5,000 loss. They actually brought a little over $5,000 to closing. The home they bought came in over $235,000 what that seller had bought it for in 2004. Rather than my client looking at the loss one side of the transaction they looked at the gain of both transactions. Saying that they are happy is an understatement. In a normal real estate market they would have probably have never been able to buy their dream home unless they had made some serious cutbacks of other expenses.

There are has many different reason to sell has there are home sellers. It is important to evaluate your needs and wants and if it makes sense maybe now is the best time to sell.

If you’re thinking of selling I would be happy to help you determine the value and marketability of your home. Feel free to give me a call at your convenience.

Chris Dowell
Dowell Family Team
913-712-9313

Thanks for visiting Online Kansas City!
Feel free to visit the Dowell Family Team on:
Dowell Family Real Estate Team
Johnson County Real Estate
Follow Us on Google+
Follow Us on Facebook