Should I List My House NOW or this Spring?

Should I List My House NOW or this Spring?

Most people would immediately choose the Spring season as the time to sell your house, and they would not be wrong.  ATTOM Data Solutions reported that the worst times to sell real estate were October and December, and this was reported in August of 2019.

However, though it may be more common to list and sell in the Spring season, there is a huge benefit to selling between the months of November and February. 

What is this huge benefit that comes with selling between November and February?

According to the National Association of Realtors, the below chart represents the inventory levels of properties and the months supply. 

Winter Months = LESS COMPETITION!

So, what does this mean?  Well, serious buyers will be in the marketplace!

If a home buyer is looking to purchase a house and your property is on the market, prospective buyers have less inventory to look through, increasing the chance of your property attracting buyers much faster as opposed to if you did in fact wait until Spring.  This puts you and your property in a good place in a competitive market. 

So, What Should You Do?

Every property is unique, and every seller and buyer have different goals and needs.  So, seeking a free consultation from a professional real estate brokerage is what any potential seller should do.  Spring may be better for you and your property, but how do you really know?  To set a free consultation at your property contact Apex Realty Group, LLC at (978) 276-3333 or visit ApexSold.com to get started!

Looking to BUY A HOUSE? Here’s some BASICS to learn about your CREDIT!

Looking to BUY A HOUSE? Here’s some BASICS to learn about your CREDIT!

Your credit score is basically a numerical summary of your credit report. Whether you are seeking credit from banks, credit card companies, or car dealerships, all lenders use this score to determine the amount of credit, if any, that can be allocated. When buying a home, the higher your credit score the better.

What is considered a high credit score?

  • Perfect credit score: 850
  • Excellent credit score: 760–849
  • Good credit score: 700–759
  • Fair credit score: 650–699
  • Low credit score: 650 and below

What factors are considered when calculating a credit score?

  • Credit payment history (35%)
  • Debt-to-credit utilization (30%)
  • Length of credit history (15%)
  • Credit mix (10%)
  • New credit accounts (10%)

So, what does this all mean?

It means it is time to become more knowledgeable when it comes to these factors, so let’s break them down:

Credit payment history refers to if an individual pays his or her credit cards on time.

Debt-to-credit utilization is the amount of debt an individual has accumulated, divided by the credit limit allocated on the accounts. NOTE: If your debt-to-credit utilization ratio is above 30%, this can have a negative impact on an individual’s ability to obtain more credit, and/or especially a home loan.

Length of credit history refers to the amount of time an individual has had credit lines open, but did you know longer credit history balances are more favorable than shorter ones?

Credit mix is literally the combination, or “mixture” of the different types of credit card accounts open, which can include but is not limited to store credit cards, auto loans, student loans, etc.)

New credit accounts obviously refer to when an individual opens a new credit line of some sort, but keep in mind, this may not always be a positive move, because each time an individual opens a new credit line, what was considered the average length of credit history decreases, which in turn negatively impacts the credit score.  CONSIDER THE PROS AND CONS.

Conclusively….

You may not become a “credit score guru” over night, but you can sure consider these factors and start making more favorable choices about your financial future. In fact, Experian found that 45% of people wait for their credit scores to improve before applying for a mortgage, so get a head start on your climb to the top!  How?

CHECK YOUR CREDIT SCORE MANY MONTHS BEFORE YOU BUY A HOME. It takes time to improve it.  Don’t kick back and hope that it improves, because as stated above, these factors are very significant to increasing your credit score and more importantly, for getting financing for a new home!

Are You Preparing to Buy a New Home?

Are You Preparing to Buy a New Home?

Preparing to Buy – A High-Level Overview

by Alexis N. Winnell, Realtor

The following list will give you an idea of the process you will be taking when making your purchase. At Apex Realty Group, we take away the stress from the home buying process.

  • Contact a mortgage service provider to get a mortgage pre-approval letter.
  • Identify your Home Buying Team —>  Apex Realty Group, LLC!
  • Research neighborhoods and communities to narrow your search.
  • Find the house of your dreams.
  • Make an offer and negotiate with the help of an Apex Realty Group Realtor.
  •  :)Conduct the home inspections and other inspections per the contract timetable.
  • Finalize and negotiate inspection issues.
  • Contact insurance agent to obtain homeowners insurance policy.
  • Moving preparations.
  • 1-2 weeks prior to closing, pay homeowners’ insurance premium and obtain paid receipt (condo owners arrange insurance for contents only).
  • 3-4 days prior to closing, gather documents needed at closing as advised by your Loan Officer and Realtor.
  • Final walk-through inspection prior to closing with your Apex Realty Group Realtor.
  • Attend closing – Congratulations, you are a new homeowner! 😉

Let us walk you through these steps in detail. Contact us today to get started.