Flagstaff Real Estate prices are on the rise and inventory is still low. Is it the right time to sell your Flagstaff home?

Or should homeowners defer in anticipation of further rise in prices?

 

Here are points that must be considered when selling your Flagstaff real estate:

  • What is your reason for selling?

 If you are selling because you need to move in to a bigger home, NOW is the right time to sell. If you wait for prices to increase, the price on the bigger home that you aim to buy will also likely increase. The cost of waiting may be too high! Consider this:

                                             

  •   Mortgage rates are going back up

 Qualified first-time and trade-up homebuyers are currently getting historically low rates on 30- and 15-year mortgages.  Rates will not stay this low forever. The Federal Reserve has been keeping rates artificially low through "quantitative  easing," and they have indicated that they will relax their bond-buying programs when the economy reaches specific  employment thresholds. When that happens, rates will move higher.

  • Consider Your Competition

    How many homes for sale are there that is similar to yours? How are they faring on the local market? If the 2351 Kendricks Loopmarket is saturated with you may want to consider holding off. New Construction homes are also competition. Be sure to check new home prices and its impact if any on the Flagstaff real estate you want to sell.

     

    We monitor the real estate market in Flagstaff. The market appears to be strong and is continuing its upward trajectory in August 2013. Selling your home this year will likely deliver a higher price compared to last year. For a full  Market report go here. 

    Check out our blog http://www.northernarizonafinehomes.com/blog/flagstaff-july-2013/ for a thorough analysis of the Flagstaff real estate market.

    We can help you evaluate the right selling price and work together to develop a winning strategy to sell your Flagstaff real estate within the amount of time you need, take a look at our happy customer testimonial videos for all the convincing needed! Call us at 888-446-5602 or drop by at our office at RE/MAX Fine Living 3955 E. Lake Mary Road, Flagstaff AZ .