The Chance of Selling Your House in 2012
Posted by Matthew Boreen
on Thursday, 12 January 2012 in Real Estate One Stop Shop Blog
Matthew Boreen
Founder of RealEstateSwap.com. I kiteboard, snowboard, work with robots, study AI, and play jazz clarinet.
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You want to sell your home and have owned it for five years. It is fixed, cleaned, decorated, and ready to go. Once your house is listed, multiple pre-approved buyers come knocking on your door to offer you full price. Seem realistic? Not in 2011, but there may be a positive outlook for 2012.According to some analysts, 2011 was a year of large inventories of foreclosures and short sale listings. As a result, a slight decrease in nationwide home prices. With many banks holding off on listing their bad assets, and consumer confidence at its highest in years, things may start to turn around in 2012.
Freddie Mac released their 2012 outlook. Here are some of the main points.
- Economic growth will likely strengthen to about 2.5 percent in 2012.
- The US unemployment rate will decline slightly but remain about 8 percent.
- Mortgage rates will likely remain very low through 2012.
- Housing activity will be better in 2012, but no boom like some have hoped.
- Expect more multi-family lending in 2012.
Over the past few years, home prices have softened causing homeowners strain and hardship when dealing with their own houses. Some have lost their equity due to falling prices and now owe more than what their home is worth. Others face income or job losses that have caused them to fall behind on their mortgage. 
After years of high employment and businesses feeling a strain from the economy, the nation’s unemployment rate fell to 8.6 percent in November. This comes in at a two and a half year low, showing evidence the nation’s economy may be heading in the right direction. So what does this mean for the real estate market or selling your house fast?
According to Zillow.com, the percentage of home ownership is at its lowest level since 1998. The housing market has been hit with a high inventory of homes, underwater mortgages, and a flood of foreclosures. There may be a silver lining ahead though as houses begin to be on the market for less time, interest rates stay at historic lows, and gradual job increases bring more potential buyers to the table.
When deciding to sell your house fast in today’s market, you may have a few decisions to make. What price should I list my house for? Should I fix up my house before I sell it? What can I do to add curb appeal to my house? To really stand out though, offering a buyer incentive may be the key to really push your house in front of the competition.
In today’s market, sellers are faced with many challenges and uncertainties regarding the ability to sell their home fast and efficiently. One of the reasons has to do with the fact that buyers are looking for bargain properties at bargain prices because they watched the nightly news telling them houses are going for pennies on the dollar. Understand that the market is uncertain and making the decision to sell your house fixed up or as is may be a crucial decision.
Today’s real estate market is full of both good and bad companies to help sellers sell their house fast. I’m sure you have seen bandit signs, billboards, or newspaper ads with “We Buy Houses” or some other sort of tag line. What are these companies? Are they legitimate and can they be trusted? Are all these companies the same?
Whether you have bought or sold one house or twenty
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