Many people think that now is a bad time to sell. Number one, the number disprove that. As of December 7th, 2016 there are currently 3,253 houses for sale on the Des Moines Multiple Listing Service. There are 1,610 houses under contract to be sold. That means that almost exactly one third of the market is under contract right now. To put that in perspective, the under contract period typically lasts 30-45 days. That means that one-third of the market has sold in the last two months. Buyers are out there in force!
The second thing to think about is how beautiful, festive, and homey most houses feel right now. Having Christmas decorations, Hanukkah decorations, or any decorations up gives people the feels. Walking into a house that is beautifully made up, and has a feeling of joy and happiness helps sell houses. People buy based off of emotion, and justify with logic. There is quite a bit of emotion in the holiday season. Right now, you are selling something that feels like a home.
The third thing to think about is my very first sentence for this post: Many people think that now is a bad time to sell. Late October (the 26th to be exact) there were 5,501 houses for sale and under contract on the market. Today (December 7th) there are 4,863. That is a 12% drop in inventory in less than 45 days. Right now, on average you have 12% less competition than you did October 26th and inventory has been dropping since July.
All of these things combined mean that selling your house right now is an amazing decision. The bonus here is that if you then turn around and buy, interest rates are still below 4%!!!
If you, or someone you know is looking to buy a home, sell a home, or invest in real estate, I am your guy! You can contact me or give me a call directly at 515.639.0047.
~Ryan Lynch
