- Hi there, and welcome back.
This is Kevin Smith with First Team Real Estate here in
southern California and today I'd like to have our blog
topic to be why you should be selling your home
in the early 2,000 here 18.
There's five reasons why you should be selling right now
I know I've got a couple people out there thinking well
maybe I should wait say the spring time, you know,
maybe the prices will continue to go up.
Well, one of the points is yes, the prices have gone up,
they've gone up three and half to five and a half percent
depending on what part of the country you are in.
Here in southern California, they've actually gone up at
the highest amount, so have the prices gone up?
Yes, they have gone up, but right now is a great time
because the prices are at one of the highest they've been
in the last two or three years.
The second point there then is also the amount of inventory.
There is anemic amounts of inventory here
in southern California.
We typically have in the last several years,
we've had a 6,000 homes on the market in Orange County
and currently we have about 3,900 homes on the market,
so we have absolutely no houses on the market to sell,
so it's perfect time so you can get the highest amount
of money right now 'cause the supply is just anemic.
There's just nothing out there for a buyer to buy.
The third reason is the interest rates are
still at historical lows.
We still are ranging around four percent, so those buyers
out there that have great interest rates are gonna be able
to get the interest rate loans that they want,
and they will be bidding for your property with those lower
payments as the interest rates continue to go up,
obviously their buying power is going to come down,
so this is another perfect time for the buyer to get a great
loan which, when in turn, will be a great offer
on your house.
The fourth point I'd like to bring up is
the consumer confidence.
Just the economy in general is just doing phenomenal.
We have the stock market which has just have record highs
and DOWs over 26,000 points, closing and we've got peoples'
stock prices that have actually doubled with
the tax incentives that have come back.
We will have more money personally in our
checking accounts, most likely, for most people.
And then also the business taxes that have been cut
for corporations, they're now giving people more money
in their benefits and in their wages and bonuses
and things like that, so there's more money coming back
into our pockets, so people are feeling more confident
about the economy, their jobs are secure,
and the unemployment, it is less than four percent ,
so that's a great opportunity for people who are
moving jobs to be able to purchase a home, those people
that have equity in their homes to be able to
sell their houses now, too.
And then the final point is the millennials.
Those people born after 1985, the 23 to 37 year olds there
was a study just done by Bank of America that says 64% of
them have saved 15,000 dollars but 50% of them have saved
over 100,000 dollars so they are ready to go and this
is the absolute best time for people who are looking to sell
their properties to get the highest amount
in the shortest amount of time.
If priced correctly, we don't wanna over price our
homes still, but other than that, those five topics
right there, those five key points are an excellent time
for those of you looking to sell and not waiting,
you must do it as soon as possible.
So if you need any more help with maybe figuring out
your value on your home or have any questions
feel free to reach out to me
either by phone, text, or e-mail, and we look forward
to talking to you, and if you haven't subscribed
to the YouTube channel here, feel free to hit that
red button and subscribe, and the little bell next to it
for notifications as soon as I post a video, you'll get
notified, so thanks for joining us, we look forward
to hearing and seeing you all next time.
Thank you, and have a great week.
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