An article in the local newspaper said some pretty negative things about the Cache Valley Real Estate market. While the stats were accurate, and it is an awesome time for home buyers. There are also some reasons why it actually is a good time to list your home for sale.
If you price your home right, it is actually a good time to sell real estate in Cache Valley for several reasons. One thing to remember is that you only need to sell your house to ONE potential buyer.
1. Buyers Have Urgency – There are lots of potential buyers out there who have a sense of urgency to buy. The home buyer tax credits require that homes go under contract by the end of April. Mortgage interest rates are likely at the lowest they will ever be. Many people realize this, and want to take advantage of mortgage savings.
2. Great Time to Upgrade – There are lots of deals out there if you are looking to upgrade. The deal you get on the house you upgrade to can far exceed the loss you would take on the sell of your house. If you lose $5,000 on the sell of your house, but get $25,000 in equity on the home you purchase you have a net gain of $20,000. The low interest rates and great deals on homes for sale in Logan have personally tempted me into possibly upgrading.
3. Spring is in the Air – Spring is traditionally a huge season for looking for homes for sale in Cache Valley. New potential buyers are starting their home search every day. Remember, they are only going to be buying one house. There are also lots of buyers out there who have seen everything currently on the market that matches their criteria and are looking for something better. They know that lots of new listings are coming out each day and are waiting to find the best home possible.
4. It is NOT a Buyers Market for Starter Homes – Homes priced below $161,000 are actually selling at balanced market paces. Many have multiple offers. It is not a buyers market at all for the less expensive properties for sale in Cache County. Cache Valley home prices between $160,000 and $180,000 are also selling at almost balanced market paces.
While many of the higher end homes won’t sell this year, some will. For many sellers, it is a GREAT time to sell in Cache Valley. You only need to sell your home once.