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

I enjoy sharing articles instead of writing my own just so I’m not stuck up on my soap box. Β But this article really got my blood pumping. Β The local San Francisco Peninsula Real Estate Market has been amazing to watch this year. Β San Carlos is one of the hottest cities on the Pen and it’s amazing how quickly homes are selling right now. Β So if you are thinking of selling – give The Caton Team a call, and if you’re thinking about buying – we’re here for you as well. Β Enjoy this and let me know your thoughts!

 

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

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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 websiteΒ rankingsΒ 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: ZΒ Β ) led the way with over 57 million visits and Trulia (NYSE: TRLAΒ Β ) 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.

 

I read this article at: Β http://www.fool.com/investing/general/2014/02/15/want-to-sell-your-home-the-spring-selling-season-m.aspx

Remember to follow our Blog at: https://therealestatebeat.wordpress.com/

Got Questions? – The Caton Team is here to help. Β 

Email Sabrina & Susan at:Β  Info@TheCatonTeam.com

Call us at: 650-568-5522Β  Office:Β  650-365-9200

Want Real Estate Info on the Go?Β  Download our FREE Real Estate App:Β Β http://thecatonteam.com/mobileapp

Visit our Website at:Β Β  http://thecatonteam.com/

Visit us on Facebook: Β Β http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

Yelp us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

Or Yelp me:Β  http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

Connect with us professionally at LinkedIn:Β  http://www.linkedin.com/profile/view?id=6588013&trk=tab_pro

Please enjoy my personal journey through homeownership at:

http://ajourneythroughhomeownership.wordpress.com

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE#70000218/ 01499008

 

San Mateo County Median Home Sale Price in January 2014 up 42.8% over January 2013

Now this put a smile on my face – great news for homeowners on the San Francisco Peninsula!!!!

San Mateo County Median Home Sales Price in January 2014 up to 42.8% over January 2013

In January 2014 the median sale price for a single family home in San Mateo County was $992,500 compared to the median sale price from January 2013 of $695,000. Year over year that’s a greater than 42% increase.

WOW – now that is great news – right from the source – MLSlistings.com

Curious what your home is worth in today’s market – contact The Caton Team – we would love to prepare a customized market analysis on your home and share its worth with you!

Thinking about selling?Β  Now is the time to start getting into gear – The Caton Team is here to help! Β There is much to do before the For Sale sign even makes it to the lawn – and with our tried and true marketing plan, we can smooth out the process. Β Let us know how we can help!

Remember to follow our Blog at: https://therealestatebeat.wordpress.com/

Got Questions? – The Caton Team is here to help. Β 

Email Sabrina & Susan at:Β  Info@TheCatonTeam.com

Call us at: 650-568-5522Β  Office:Β  650-365-9200

Want Real Estate Info on the Go?Β  Download our FREE Real Estate App:Β Β http://thecatonteam.com/mobileapp

Visit our Website at:Β Β  http://thecatonteam.com/

Visit us on Facebook: Β Β http://www.facebook.com/pages/Sabrina-Susan-The-Caton-Team-Realtors/294970377834

Yelp us at: http://www.yelp.com/biz/the-caton-team-realtors-sabrina-caton-and-susan-caton-redwood-city

Or Yelp me:Β  http://www.yelp.com/user_details_thanx?userid=gpbsls-_RLpPiE9bv3Zygw

Connect with us professionally at LinkedIn:Β  http://www.linkedin.com/profile/view?id=6588013&trk=tab_pro

Please enjoy my personal journey through homeownership at:

http://ajourneythroughhomeownership.wordpress.com

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE#70000218/ 01499008