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Real (Estate) Talk Realtors Brad Moore and Alison Maguire of Keller Williams Real Estate’s Moore Maguire Group take a look at the borough’s booming market

If you’ve ever bought, sold, or even “window-shopped” for a house, you probably already know that spring is the time of year that is the most active in terms of real estate sales activity. So, it makes sense that more houses are listed in the spring, historically and statistically, than at any other time of the year. But in the real estate game, as in all things in life, it sometimes pays to think a little bit outside the box. That’s why we think that listing your house for sale at this time of year can be an excellent—and profitable—move. Here are a few reasons why now might be the perfect time to sell your house. It’s a sellers’ market right now in the West Chester area, where inventory is low. This is a simple matter of supply and demand economics; the lower the supply, the higher the demand, which means prices go up, resulting in higher profits for sellers. This time of year (fall through early winter) there are fewer listings for buyers to choose from, as inventory tends to be lower than usual. Therefore, if your home happens to be one of those listings, you already have an advantage in the form of less competition. The time is now to list your home for another reason: interest rates are at a historic low. While the federal interest rate changes daily, as of this writing it is hovering in the higher 3% range. This means more buyers are out there. Lastly, the weather can be a consideration. If you have any major repairs or renovations to do in order to get your home market-ready, West Chester area weather is still warm enough to get that done. You’re less likely to be dealing with freezing temperatures and frozen or even snow-covered ground as you would be in January or February. Part of our listing agreement package here at Moore Maguire Group is a staging consultation. This process will help you get your home in market-ready shape based on our years of experience in the industry. It can include easy-to-implement suggestions like a fall cleanup around the outside of the property, placing some colorful mums on the porch, a little paint here or there, and interior furniture placement. This can be a huge value add to the listing, because first impressions really are a big deal when selling a property. These are minor tweaks that don’t cost a lot of money but can yield a really big return. In a case where more extensive fixes would be in order, particularly on the exterior of the property, we connect our sellers with local West Chester contractors who can facilitate some of these projects and help to alleviate the stress involved with getting the home ready for buyers. At the end of the day, the best time to sell your house is when you’re ready. At the Moore Maguire Group, we want to work with you to show that there is no “right time” to list your property — we are ready when you are. –realtalk@thewcpress.com

NOVEMBER 2019 THEWCPRESS.COM

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Profile for The WC Press

The WC Press Vintage Issue - November 2019  

Voice of the Borough

The WC Press Vintage Issue - November 2019  

Voice of the Borough