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5 Reasons You Should Consider Selling Now

Single Family Home for Sale
Market Stats » 5 Reasons You Should Consider Selling Now

5 Reasons You Should Consider Selling Now

People across the country are beginning to think about what their life will look like next year. It happens every fall; we ponder whether we should relocate to a different part of the country to find better year-round weather, or perhaps move across the state for better job opportunities. Homeowners in this situation must consider whether they should sell their house now or wait.

If you are one of these potential sellers, here are five important reasons to sell now instead of in the dead of winter.

1. Demand Is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market (which is 4.5-months).

This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market soon.

Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase, reaching historic levels in 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream homes within the existing inventory have turned to new construction to fulfill their needs.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007’s pace. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler.

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.57% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

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Nick Irwin

Nick Irwin - Broker - BaseNashville Real Estate

Nick Irwin, originally hailing from the warm and welcoming state of Alabama, has firmly established his roots and found his forever home in the vibrant heart of Nashville, Tennessee. As a leading Realtor at Parks Real Estate, Nick brings a unique blend of Southern charm and sharp business savvy to the dynamic real estate market of Music City.

With a strong background in business and an unbridled passion for real estate​ and financial education, Nick has become an indispensable guide for both buyers and sellers navigating the complexities of Nashville’s ever-evolving property landscape. His commitment to providing clients with the most current and comprehensive information empowers them to make well-informed decisions about their future homes and investments.

​Known for his relentless determination, ​Nick’s track record is a testament to his expertise and dedication to his client’s success. He defines success as making sure his clients have an advocate when making some of life’s biggest decisions and strives to help them feel empowered and informed along the way.

​O​utside of real estate, Nick enjoys quality time with his husband, Mark, at their cherished family lake property. These moments of relaxation often include the delightful company of their beloved chihuahua, Bruno.

Whether you’re searching for your dream home, an investment property, or looking to sell in Nashville’s dynamic market, Nick Irwin is your go-to real estate ​B​roker. His knowledge, enthusiasm, and genuine care for clients ensure a seamless and successful journey in the exciting world of Music City real estate.

Nick Irwin | 615-418-0563 | nick@BaseNashville.com

Robby Stone

Robby Stone - BaseNashville Real Estate

Born in Florida and raised in Huntsville, Alabama, Robby Stone has definitely found a home here in Tennessee. Since moving to Nashville in January 2010, he’s fallen in love with the subtle nuances present in each pocket of the city, and it is this affinity for the city and his passion for people that has led Robby to a career in real estate.

The road to becoming a real estate agent has been paved with an array of career adventures. Earning a degree in Sports Medicine from Samford University in Birmingham, AL before realizing the life of a doctor was not his ultimate passion, the following years would find Robby managing client relations for wedding photographer ABryanPhoto, acting in tv and film roles during his time spent in Los Angeles, entertaining as the front man for several dance bands traveling throughout the southeast and serving up delicious meals at a few restaurants around Nashville.

Forever wondering how all of these various jobs and educational experiences would work together toward his future, Robby now sees how each prepared him for his Realtor career which began in 2015. Managing the client experience, entertaining and effortlessly engaging those looking to buy or sell in Nashville, and humbly serving those he works for and alongside are all a part of real estate. With years of unconventional and professional career training and consistently over $10 million in sales annually, Robby has been refined to perform his job with ease and enthusiasm, and his natural charisma and authenticity are added bonuses to his career in this exciting industry.

Robby Stone | 205-383-7001 | robby@BaseNashville.com

Emilee Warner

Emilee Warner - BaseNashville Real Estate

Tennessee native Emilee Warner embarked on her real estate journey with a full-service brokerage based in Nashville in early 2020. Her debut year was marked by exceptional achievements, including being honored as Greater Nashville Realtors Rookie of the Year and consistently ranking among the top agents. Her dedication to excellence for her clients and earning the esteem of her colleagues has rapidly positioned her as a rising star in Nashville’s real estate scene. 

Prior to Real Estate, Emilee spent over 15 years in the entertainment industry, creating a large network of community members. Her experience in negotiation and client advocacy has seamlessly transitioned into her flourishing real estate career. 

As a passionate advocate for fair and affordable housing, Emilee actively contributes as a member of the Housing Affordability Committee. Her commitment to community service is evident through her volunteer work with the Country Music Hall of Fame’s Troubadour Society and LaunchPad Nashville. Additionally, she plays a significant role in local community development as a Board member of Discover Madison and Amqui Station. 

Emilee Warner | 615-418-4846‬ | emilee@BaseNashville.com

Robyn Nelson

Robyn Nelson - BaseNashville Real Estate

At the heart of BaseNashville’s dynamic team is Robyn Nelson, a Tennessee native whose expertise, enthusiasm, and quick wit radiate through every aspect of her work. As the team Operation & Transaction Coordinator, Robyn ensures each client’s journey is smooth every step of the way. 

Since joining the Nashville real estate universe in 2016, Robyn has become an indispensable asset, adeptly juggling a myriad of roles with unwavering dedication and efficiency. Prior to real estate, Robyn honed her organizational skills in hospitality and retail management, which helped keep the BaseNashville team on a steady course. Robyn is also an enthusiastic educator, sharing her wealth of knowledge through virtual contract-to-close classes where she helps train those interested in joining the real estate contract-to-close entrepreneurial world. Did we mention she’s also a TN Notary Public and wedding officiant? 

Outside of work, you can find Robyn fostering a community of literature lovers as she actively participates in several book clubs, with her downtime being spent with her two precocious children, devoted husband, and beloved dog.

Choosing a BaseNashville agent means gaining access to Robyn’s unparalleled expertise and warm guidance. Her ability to handle the complexities of real estate transactions with grace and precision makes her an invaluable member of our team and a cherished ally for our clients.

Robyn Nelson | 615-772-3680 | robyn@BaseNashville.com