Tuesday, February 17, 2009

What Are You Waiting For? The Time Too Sell is NOW!

Wow! Hasn't the National Media done a great job of scaring the daylights out of us. I mean just yesterday they were trying to tell us the sky is falling, the sky is falling! Turns out it wasn't then and it isn't today – especially as it pertains to real estate in North Texas. In fact, they have done such a GREAT job of scaring us in to thinking real estate is bad that I almost fell out of my chair this morning when I sat down to review the numbers for our area. Let me share the REAL NORTH TEXAS Numbers with you – these are taken directly from the Texas A&M Real Estate Center Statistics for our area. I believe you are going to find them surprising.

City

New Listings

% of Change

Active Listings

% of Change

Months Inventory

% of Change

Cedar Hill

99

-32%

324

-31%

5.5

-9%

DeSoto

137

-19%

411

-28%

5.1

-27%

Lancaster

62

-23%

223

-34%

5.1

-12%

Duncanville

83

-42%

332

-31%

5.8

-21%

Ellis County

212

-34%

871

-22%

7.1

-11%

Let's look at a three other reasons why this is such a GREAT time to put your home on the market: 1) The next home you buy will be with a very low interest rate (probably less than 5%). Why – interest rates are at all time lows and should stay between 4.5% and slightly over 5% for the next several months. 2) The next home will be priced right and not over priced and will be in great condition. Sellers who are serious, are pricing their homes to sell – they aren't giving them away, but no longer do they have unrealistic expectations on what they should get for a sales price. 3) Lastly, sellers who are serious have taken the time to ensure their house is in perfect condition and is properly staged. Now – if their home is overpriced and or not conditioned right – it will NOT sell. But trust me – the ones priced right and conditioned right are moving quickly.

If you are thinking about selling – the time for action is now. Call us and we will show you how to put the power of CENTURY 21 Judge Fite and The Bill & Ann Team behind you!

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