5 Reasons to Sell Your Reno-Tahoe Home this Fall

sell home this fall chase international

Below are 5 compelling reasons why listing your home for sale this fall makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and they’re in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers. This is especially true in Reno, where supply still runs a little over a month.

Historically, homeowners would stay an average of six years in their homes. Since 2011, that number has hovered between nine and ten years. This has created pent-up desire for many to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

Many were reluctant to list their homes over the last few years, for fear that they would not find a home to move to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to Ellie Mae’s latest Origination Insights Report, the time needed to close a loan is 43 days.

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

If your next move will be into a premium or luxury home, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’re more likely to find a seller’s market for the home you’re leaving and a buyer’s market for the home you’re purchasing.

Also, according to CoreLogic, prices are projected to appreciate by 5.2% over the next year. If you’re moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage) if you wait.

5. It’s Time to Move on with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. If you need help making decisions based on your specific, local market conditions, please reach out to any of our agents.

What’s your home worth? Get 3 instant, no-hassle valuations right now!

 

Posted on August 26, 2019 at 9:15 pm
Chase International Client Care | Category: Buyers, Sellers | Tagged , , , ,

The Chase International Reno-Tahoe Luxury Real Estate Market Report Spring 2019

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We’ve had a phenomenal year in luxury real estate in the Reno-Tahoe region. Luxury home buyers continue to choose beautiful Lake Tahoe as the place to purchase their getaway home, while others relocate to Reno, Sparks and Carson Valley for Nevada’s wide open spaces and favorable tax climate. Read on to learn more about luxury trends in our region.

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View the full report.

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What’s your home worth? Get three no-hassle valuations instantly.

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Posted on April 12, 2019 at 3:19 pm
Chase International Client Care | Category: Buyers, Luxury Service, Market Reports, Sellers

How to Sell Your House Fast for Top Dollar in Reno-Tahoe-Carson in 2019

If you’re thinking of selling your home in the Reno-Tahoe-Carson region in 2019, here’s what need to know.

Your first priority is to get an overview of what’s happening in your local housing market, whether you’re up at the lake or down in the valleys.

Look up what happened last year and check out predictions for the coming year to understand basic market conditions. Continue reading

Posted on April 4, 2019 at 5:05 pm
Chase International Client Care | Category: Lake Tahoe Real Estate, Luxury Service, Reno Real Estate, Sellers | Tagged , , , , , , , , , , , , ,

Reno-Sparks-Tahoe-Carson: Housing Market Predictions 2019

Steve Harney, Founder and Chief Content Creator of Keeping Current Matters, recently visited Chase International to speak at our company meeting. A residential real estate expert who specializes in market trends, he shared his macro analysis on the changing real estate market for 2019. Continue reading

Posted on March 11, 2019 at 5:02 pm
Chase International Client Care | Category: Buyers, Carson Valley Real Estate, Lake Tahoe Real Estate, Market Reports, Reno Real Estate, Sellers, South Lake Tahoe Real Estate | Tagged , , , , , , , , , , , , , , , ,