
Here is a piece that I wrote for homebuyersearchaz.com. It gives insight in what sellers are thinking now as they contemplate selling their homes.
In the Mesa Arizona real estate market for 2011 we can make a few assumptions that I think most people will agree with.
- Mortgage rates will probably increase slightly
- Home prices will stay flat
- The housing market will not be hot for some time.
So it is clear to see that it is still very much a buyers market and will be so for 2011. So looking for a house right now makes perfect scenes.
You may ask why would anyone want to sell?
There are two primary reasons: First, the seller is distressed and must sell & second, reason is to avoid being distressed.
Today’s buyers are much more demanding, demanding lower prices and better conditions. In the past we could just put the house on the market and it would sell, but that doesn’t work today.
There are 3 possible scenarios for selling your home in Mesa Arizona and the surrounding market they are; aggressive selling the first 90-days, moderate six to nine months and then patient a year or longer.
Selling your home is 2011 requires more planning than has been required in the past and it also requires that homes be in better condition for top price. It will also require that you get more creative, such as offer 6 months of prepared HOA fees.
What ever your reason for selling now is the time to begin marketing you property, but be prepared to wait.