Homeowners are sitting on goldmines. Think about it. Many are equity rich. Years after the worst housing crisis in American history, homeowners who managed to buy low and hold are now in a enviable position, depending on their location.
Knowing that location is key, the hottest housing markets — San Francisco, San Jose, Manhattan — have all seen home prices soar. The downside, there are too few properties for sale. Low inventory is starting to stymie the housing market. The most recent pending home sales report was lower than expected as buyers fail to find suitable homes to purchase. The lack of new construction housing hasn’t helped.
That said, now is the time to sell. If you’re a homeowner who has outgrown your current home, list now. January is the perfect time to introduce your house to potential buyers. Not convinced? Here’s why: [Read more…]