Tag Archives: reasons to sell you house now

Trending Real Estate in Oxford, MS

Housing in Oxford, MS is going fast these days. There is little inventory and although there are some days that it seems a good number of listings are appearing on the Multiple-Listing Service (MLS), these properties are not lasting long. Buyers are waiting on the sidelines for particular subdivisions or price points.  Contracts are coming in quickly and although these home sales are pending, it is not reflected on internet sites.  You may think a house is still on the market when, in fact, the MLS has it coded as “Pending.” For this reason, if you are a buyer get pre-qualified for a loan so you are ready for that newly listed house you want. And contact your REALTOR so he or she can watch out for new listings and get you an immediate appointment.

So for any homeowners wondering what time of year is best to sell your house or condo in Oxford, MS, I would say: now.  In fact, with the housing shortage across the country, there is no time like the present to sell your house. There is a buyer just around the corner.

But typically, there are “selling seasons” where houses seem to sell quicker and for a higher price per square foot (PPSF) than during other times of the year.  These selling seasons are January to June and July to December. I’ve put together an historical graph of both single-family and condo/townhouse sales in Oxford to show how the past selling seasons have done.  Based on the PPSF, these selling statistics are not adjusted for the low housing inventory. Source of information: N C M Board of Realtors MLS. Information is deemed reliable but not guaranteed.

For more information about buying or selling download one of these informative guides:

SellingYourHouseSummer2016

BuyingaHomeSummer2016

trending-real-estate-pictochart

 

Eileen Saunders, REALTOR with Tommy Morgan Realtors, 2092 Old Taylor Road, Oxford, MS 38655, 662-404-0816 or 662-234-5344. Equal Housing

Advertisements

When To Sell Your House

According to Zillow.com, mid-March to mid-April is the best time to sell your house. A recent article in CNN Money listed top reasons why you should stop THINKING about selling your house and just DO it. These are:

  1. Nationwide the inventory of homes for sale is small. This means it’s a seller’s market. There’s a better chance of selling your home quicker with little competition. Simple economics tell us that when there is a low supply, prices tend to rise.
  2. Mortgage interest rates are currently low. You never know when they’ll rise so you may want to take advantage of the low rates now, provided you qualify.
  3. Rental costs have risen 15% over the past 5 years across the country. Depending on your market, it may be a lot cheaper to buy.

Source: Why Homeowners Need To Get Moving, http://www.RealtorMag.realtor.org (March 26, 2015) and 4 Reasons to Sell Your Home Now, CNNMoney, (March 25, 2015).

Eileen P. Saunders, Realtor
Tommy Morgan, Inc., Realtors
2092 Old Taylor Rd., Suite 101
Oxford, MS 38655
662-234-5344, 662-404-0816