This time of year, we Realtors hear the same refrain: “I’m going to wait to list my home until the spring buying season begins next year.” At times this may be a good idea, specifically if a home is in need of repairs or upgrades prior to listing. Now would be the time to make those repairs to make it “market ready.”
But, I believe now is the time to list your home and here’s why. Banks and economists are warning of a glut of foreclosed homes coming to the market next spring. Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed the foreclosure process while the re-evaluate their procedures. There are a large number of seriously delinquent mortgage loans in limbo and waiting for a settlement between the banks and the state attorney generals.
With these millions of homes awaiting foreclosure, now is the time to list. Get your home ready for sale and on the market, before these homes beat you to it!
September Zionsville Updates
314 Homes for sale
47 Homes sold in August
83 Average days on the market for sold homes in August
$362,125 Median price of homes currently for sale
$336,900 Median price of homes sold in August
The Tracy Wright Team has closed almost 30 transactions and nearly $10m in sales volume this year. As selling agents they have achieved a 97.3% sales price to list price ratio.
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