Top 3 Reasons To Put Your Palm Springs Area Home On The Market This Fall
Our fall market actually presents a number of amazing opportunities for Palm Spring sellers, and today we’ll be highlighting three reasons why putting your property on the market during these later months of the year may be the right next move for you.
1. Interest rates are rising. The Federal Reserve recently met and raised policy rates by 0.25%. Before that, mortgage rates rose as well. Now, the average interest rate for a single-family home is hovering just below 5%. For condominiums, though, the average rate is now just slightly above 5%. And more rate increases are on the horizon, with one more coming in December of this year and three more expected in 2019. As a result, today’s sellers have the opportunity to capitalize on the sense of urgency spreading among buyers right now.
2. There will be less competition. The majority of Palm Spring homes are vacation properties bought by those looking to take advantage of our gorgeous local weather. While other areas in the country grow cold during the winter months, our Palm Springs area remains nice and warm. So given the fact that people tend to flock here during later months and that September typically sees fewer listings than any other time of year, fall is an ideal time to list here in Palm Springs.
3. The weather starts to break. While temperatures are in the triple digits during the summer, they tend to become slightly milder with the arrival of fall. This draws more visitors to our area. And more people means more exposure for your listing.
If you have any other questions or would like to discuss your unique situation, feel free to give us a call at 760-565-5714 or send us an email at Will@WillCookRealEstate.com. We look forward to hearing from you soon.
This Blog courtesy of Will Cook,Will Cook Group, Keller Williams Luxury Homes, Palm Springs, CA |DRE # 01879277
The information being provided by SoCalMLS, CRISNet Regional MLS, CARETS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS, CRISNet Regional MLS, CARETS. ZipRealty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS
access. This website is a service of ZipRealty, Inc., a broker participant of SoCalMLS, CRISNet Regional MLS, CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by SoCalMLS, CRISNet Regional MLS, CARETS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Copyright 2019 SoCalMLS, CRISNet Regional MLS, CARETS. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, SoCalMLS Inc
Data last updated: February 20, 2019 8:06 AM.
If a listing displays "Short Sale/Subject to Lender Approval" then that listing has been identified by the seller and the listing broker as a "Short sale." This means that, at the listed price, the proceeds from the sale may not be adequate to pay all liens and costs of sale. Any offer made that does not fully cover the existing amount(s) owed to the lienholder(s) plus the costs of sale could be subject to lienholder approval, which approval may be exercised at the sole and exclusive discretion of the lienholder(s).