Want to Sell Your Home? The Spring Selling Season May Be Coming Early This Year – by Jay Jenkins

home-for-sale_large

If you’re considering selling your home in 2014, now is the time to get ready. Not next month, not next week, not tomorrow. Right now.

Why? Because buyers are already on the hunt.

The Internet is the new curb appeal Last month will likely be remembered for polar vortexes, widespread snow, and historic traffic jams. Lost in the shuffle is that while American’s were sitting inside trying to stay warm, they were looking at houses for sale on the Internet. 

Experian Marketing Services released its monthly most visited real estate website rankings earlier this week for web traffic in January. The results are eye popping.

Web traffic to real estate websites was up 25% from December to 364 million visits. Zillow  (NASDAQ: Z  )  led the way with over 57 million visits and Trulia  (NYSE: TRLA  )  limped into second at over 30 million visits.

If you’re considering selling and your home is not yet online, then every day you’re missing out on thousands (or even millions) of potential buyers viewing your home. 

Even more incentive for buyers Spring is coming, and that is certainly driving a lot of the interest in homes currently listed for sale. But there are other factors at play.

Mortgage rates have declined over the past month and are currently trending back toward 4% for traditionally structured, well qualified loans. This is a significant development for buyers, as interest rates are a huge driver of home affordability.

For example, a traditional 30 year, $150,000 mortgage at 4.5% would have a monthly payment of $760. If rates declined to 4.25%, the payment would change to $738.

For borrowers on the edge of qualifying for a mortgage, that $22 per month savings could make the difference between getting a loan approval or not. Over the life of the loan, that 0.25% difference saves the borrower $7,963!

For buyers, the time is now! Buy low and sell high, right? For buyers, the time to buy low is quickly ending, creating a sense of urgency to buy now before prices rise too high or interest rates return to more historically normal levels.

According to CoreLogic and reported by Realtor.org, home prices in 2013 saw the largest percentage increase across the board since 2005, north of 11% as of December. The appreciation was most pronounced in the states that were hit hardest in the real estate collapse: Nevada rose 23.9%, California 19.7%, and Michigan 14% rounding out the top three.

Buyers are ready. Are you? The spring selling season will be in full swing sooner than you think. Rates are low, there is urgency to buy now, and buyers are already coming out of their winter slumber. If you’re planning to sell you home in 2014, you need to be ready now. Don’t miss out on the perfect, well qualified buyer because you waited a moment too long.

 

What to do with all that cash from your successful home sale? Check out the Motley Fool’s Top Stock of 2014 There’s a huge difference between a good stock and a stock that can make you rich. The Motley Fool’s chief investment officer has selected his No. 1 stock for 2014, and it’s one of those stocks that could make you rich. You can find out which stock it is in the special free report “The Motley Fool’s Top Stock for 2014.” Just click here to access the report and find out the name of this under-the-radar company. 

The Next Industry to Crumble…                 Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete… Now an industry 99% of us use daily is set to implode… And 3 established companies are perfectly positioned to take advantage of this game-changing economic shift. Enter your email address below to find out how YOU can take advantage!

<a href=”http://ad.doubleclick.net/jump/usmf.inv.investing/articles;pos=;seg=default;src=;sz=5×7;sub=default;port=default;trades=default;reg=true;uid=1899399006;etfticker=false;ret=-1;mgr=default;funds=False;goldticker=false;bureau=financials;ord_aband=default;series=default;buckettarget=default;swap=false;sessionCount=1;type=308;adtags=default;tickers=Z,TRLA;tile=0;ord=38322046?” rel=”nofollow” target=”_blank”><img src=”http://ad.doubleclick.net/ad/usmf.inv.investing/articles;pos=;seg=default;src=;sz=5×7;sub=default;port=default;trades=default;reg=true;uid=1899399006;etfticker=false;ret=-1;mgr=default;funds=False;goldticker=false;bureau=financials;ord_aband=default;series=default;buckettarget=default;swap=false;sessionCount=1;type=308;adtags=default;tickers=Z,TRLA;tile=0;ord=38322046?” border=”0″ alt=””></a>

Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Zillow. The Motley Fool owns shares of Zillow. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Advertisements

Easy Ways to Improve Your Chances of Selling Your Home!

houseoutsidesold

Selling a home requires you to pay attention to how a property appears to buyers. Improving curb appeal, keeping the home tidy and making it look fresh and modern can attract more potential buyers and may result in a quick and easy home sale.  There are several tasks homeowners may undertake to prepare their homes for a sale that require them to spend money. For example, making repairs or home improvements, hiring a home inspector to assuage buyer concerns and improving a property’s curb appeal are common among sellers.

However, there are several other low-cost but equally important tasks sellers should take that carry a great deal of importance.

Rid the home of unsightly features or scents

badsmell

Walking into a home that smells odd or foul can quickly turn a buyer the other way.  In some cases, homeowners may be accustomed to the smell of their home and not even realize that it may smell off to outsiders. For example, individuals who have cats may grow used to the odor of their cat’s litter box, and smokers may be oblivious to the scent of cigarettes. Other smells may be less subtle, such as the scent of a dusty basement. It’s important to purge a home of these odors by doing a thorough cleaning. To avoid the overpowering smell of cleaning supplies, use non-odorous products and light soft-scented candles.

In addition, it’s also important to remove unsightly objects or features from view. For example, many homeowners with pets overlook litter boxes, dog beds and chew toys during the showing. On the same topic, pet hair all over the house is also a turnoff.

Owners with chipped paint, old wallpaper or holes and scratches in the walls should also update these features before a showing. The same goes for thoroughly cleaning carpets and countertops to remove stains.

Out with the old, in with the new

Making small purchases to freshen up a home is another cost-effective way to entice more buyers. For example, toss out old bed comforters, place mats, kitchen rugs and hand towels. Replace them with new and brighter additions to spruce up the room. In addition, simple tasks, such as replacing older light bulbs and washing windows, can add more brightness and shine to a room.

The key is to make the home appear as neat and fresh as possible, and adding a few new items can give the property an entirely fresh appearance. For more advice, tweet to us at @Coldwellbanker.