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9
Early March is a Great Time to Put Your House on the Market
Recent local trends show that putting your house on the market as soon as possible in March gives you an advantage for the spring market. This is because after a dip in the number of listings in winter, there is a significant uptick in March. Last year, only 400 homes were listed in February but this increased 38% to 550 homes in March. By putting your house for sale as soon as possible this month, you are giving your home a competitive advantage because many interested buyers want to move in spring and your home has less competition. For more information and tips on selling your home, visit www.ruhlhomes.com/seller_tips This year promises to bring a lot of new homebuyers to our local markets because drops in interest rates will make purchasing a home affordable. In fact, rates are a little more than .5% lower than last year with FHA mortgages requiring as little as 3.5% down. Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors all project that this trend won't last and that by the end of 2015 rates will increase by almost a full percent. "Even though it is cold outside, it is smart to get ahead of the spring real estate boom and list your home now," said Caroline Ruhl, president of Ruhl&Ruhl Realtors. "We're excited that our data shows that this year more young families and couples will be buying their first home, because we know that this is a big step in building their lives and their families."
