December Significant Sales
After a strong start in 2019, the Reno-Tahoe luxury properties market slowed down toward the end of the year. Despite softening market conditions, Chase International is pleased to report the following significant luxury real estate sales.
November Significant Sales
After a solid first half of 2019, the Reno-Tahoe luxury properties market has continued to relax somewhat in the third quarter. Despite softening, Chase International is pleased to report the following significant luxury real estate sales.
October Significant Sales
After a solid first half of 2019, the Reno-Tahoe luxury properties market has relaxed somewhat in the third quarter. Despite the overall softening, Chase International is pleased to report the following significant luxury real estate sales.
September Significant Sales
After a strong first half of 2019, the Reno-Tahoe luxury properties market has softened somewhat in the third quarter. As we move deeper into fall, Chase International is pleased to report the following significant luxury real estate sales.
August Reno-Tahoe Luxury Property and Significant Sales
The Reno-Tahoe luxury home market had a good summer in 2019, moderating from last year’s trend in line with expectations. As we head into fall, Chase International is pleased to report the following significant luxury property sales.
5 Reasons to Sell Your Reno-Tahoe Home this Fall
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!
July Reno-Tahoe Luxury Property and Significant Sales
The Reno-Tahoe luxury home market continues to move along in 2019, moderating from last year’s trend in line with expectations. As summer begins to wane, Chase International is pleased to report the following significant luxury property sales.
June Tahoe-Reno Luxury Property and Significant Sales
The Tahoe-Reno luxury home market relaxed in the first six months of 2019, moderating from last year’s trend in line with expectations. As summer shifts into high gear, Chase International is pleased to report the following significant luxury property sales.