Now is great time to sell your house and move to Cedar Crest
A winter move can usually result in a lot less competition from other sellers in the marketplace, and more serious buyers for you
Many people believe that spring or summer are the “best time of year” to sell your house. The truth is that people move all year long, often for compelling reasons and with tight deadlines to find a home. For example, year-end bonuses give potential buyers extra cash toward a down payment. Job relocations are another prime reason people move. In fact, most job transfers take place in December and January, creating a strong market for buyers eager to settle in during the first quarter.
Anne Connor, personal moving consultant at Cedar Crest, an Erickson Living-managed community in Pequannock, NJ, provides five top reasons to consider listing now:
1 Low inventory: With so many homeowners waiting until spring to list, the number of houses for sale in winter decreases dramatically. This brings a host of benefits your way, starting with less competition. It’s a simple matter of economics: With less supply, demand for the available houses goes way up. Why compete in a crowded market when you can stand out among the few?
2 Serious buyers: Anyone who braves gloomy skies and dreary conditions means business. You’ll avoid all the looky-loo’s, reduce the number of showings and open houses, and spend your time on potential buyers who are ready to sign a contract. That’s exactly what happened to Cedar Crest resident Pat Brown, who sold her house last winter in only two weeks. “A man came on a Sunday, brought his wife back on Monday, and offered full price,” she says. “The entire process went very quickly.”
3 Higher prices: Again, supply and demand drives prices, and, with less choice, serious buyers often will pay above asking price to get the house they want. Whether they’re ensuring that you won’t take another offer, or competing in a bidding war with other buyers, you could see a significantly higher sales price.
4 Better timing: Depending on your house’s location, closings can take up to 60 days. If you get an offer in February or March, you and your buyers can move in the spring when the weather is more pleasant. On the other hand, if you list in April and sell in May, you and your buyers will be moving in July, the hottest and stickiest month of the year.
5 Low interest rates: Rates have been at historic lows for months, and buyers want to take advantage of them. Many who had been on the fence say that rates motivated them to act sooner. It’s hard to predict where mortgage rates will go in 2021, but why take a chance? If you’re even thinking about listing, now’s the time. For all these reasons, winter can be an ideal time to sell your house.
Cedar Crest can help prospective residents get started on the moving process. Erickson Realty and Moving Services has listing, decluttering, packing, and moving down to a science. Personal Moving Consultant Anne Connor partners with preferred vendors who can relieve the stresses that comes with a big move.
Cedar Crest resident Pat Brown used preferred real estate agent Bill Mack and had an excellent experience. “Bill was always there to answer questions. He made the process easy,” she says. She also used preferred movers Wade O’Dell Wade and was very pleased.
With a variety of bright, beautiful floor plans available, this is the perfect time to find the apartment home that suits your needs best. From a cozy one-bedroom to a spacious two-bedroom/den, you’re sure to find the perfect layout, with the active, maintenance-free lifestyle Cedar Crest is known for.
To learn more about the conditions in your local real estate market and how you can benefit by selling your house now, contact Cedar Crest at 1-800-682-0312 or visit CedarCrestCommunity.com.
About Cedar Crest: Cedar Crest, one of 20 continuing care retirement communities managed by Erickson Living®, is situated on a scenic 130-acre campus in Pompton Plains, New Jersey. The not-for-profit community of more than 1,800 residents and 1,000 employees is governed by its own board of directors, affiliated with National Senior Campuses, Inc., who provide independent financial and operational oversight of the community. Additional information about Cedar Crest can be found at CedarCrestCommunity.com.