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Health & Fitness

3 Reasons to Sell Your Oswego, IL Home Today! (Part III)

As the market is recovering, more and more builders are jumping back in. As an example, the National Association of Realtors revealed, relative to last year, year-to-date new home sales are up 19%.

This week, we are going to look at the three reasons to sell your house now instead of waiting: demand is strongsupply is low and new construction will soon be your competition.

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. As an example, the National Association of Realtors revealed, relative to last year, year-to-date new home sales are up 19%.

These ‘shiny’ new homes will again become competition as they can be an attractive alternative to many of today’s home purchasers.

Find out what's happening in Oswegowith free, real-time updates from Patch.

Here are the numbers regarding new construction about to come to market from the Census Bureau:

BUILDING PERMITS

Find out what's happening in Oswegowith free, real-time updates from Patch.

  • Single-family authorizations in February were at a rate of 600,000.
  • This is 25.5% above February 2012.

HOUSING UNDER CONSTRUCTION

  • Single-family housing starts in February were at a rate of 618,000.
  • This is 18.5% above February 2012.

HOUSING COMPLETIONS

  • Single-family housing completions in February were at a rate of 574,000.
  • This is 32.9% above February 2012.

As we mentioned, new construction can be strong competition to a seller of an existing home. It may make sense to list your home before this new inventory makes its way to market.  

In Oswego, IL new home construction is picking up.  Construction is starting in both the Southbury Subdivision and what was The Reserve off of Douglas Rd.  Builder lots that went bankrupt have been purchased by NEW Builders are constructions is on the way!

Read our Comprehensive Marketing Plan and ask us how we can sell your home for 4.5%!!

Rich Ayers is a licensed Real Estate Managing Broker in Illinois.  Ayers Realty Group has EXPERIENCED Brokers who specialize in Residential and Investment real estate in NapervilleOswegoPlainfield and the surrounding suburbs of Chicago. We also own and manage multiple investment properties and help real estate investors find, buy, fix, rent and sell their investments. We are experienced Short Sale experts and hold the CDPE (Certified Distressed Property Expert and SFR (Short Sale and Foreclosure Resource) Designations. Visit our website  at www.AyersTeam.com or follow us on Facebook.

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