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Is It Time To Sell Your House?

Rich Perillo is a local Realtor for the Crystal Lake, Lake in The Hills and Algonquin areas.

Many homeowners are waiting for the “Spring Season” to kick in before listing their house for sale. This year is different. Motivated buyers are out there right now. It’s a new real estate market and it’s on fire NOW!

 Here are 3 reasons why;

 1.      Supply Is Low

The number of houses for sale compared to this time last year is down 30%. More houses will be coming on the market within the next few months. You need to be leading the market.

 2.      Demand Is High

The houses that are under contract are 16% higher than this time last year. Serious buyers are out there looking for a house right now.

 3.      Interest Rates Are On The Rise

We’ve seen the rates inch up already this year. Last week Freddie Mac’s Primary Mortgage Market Survey indicated rates at 3.52% and this week at 3.63%.

Recently, I have seen houses sell in a week for either at or close to list price. I’ve also been involved in multiple offer situations. Now is the time to sell!!

For a free comparative market analysis (CMA) call me today 847-331-2112 or visit www.richperillo.com.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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