Four Reasons You Should Sell Your Sunnyvale CA Home Now!

 

Happy Sellers

There Is Far Less Competition

The Sunnyvale housing supply continues to be at historic lows. Currently there are only 44 homes (28 single family and 16 condo / townhomes) available for purchase. Last month 50 homes sold in Sunnyvale so we continue to have less than a 30 day supply of homes for sale. If you are thinking of selling your Sunnyvale CA real estate, don’t wait until the spring when all the other potential sellers put their homes up for sale.

The Process Will Be Quicker

One of the main challenges of the current housing market has been the length of time it takes from contract to closing. Banks have staffed up to handle refinancing loan requests. That activity has slowed as loan rates inch up freeing up resources for home purchase loans. Checking with loan representatives with several major local lenders Opus Advisors, Wells Fargo and Chase they can typically close a new purchase loan in 21 days or less.

There Will Never Be a Better Time to Move-Up

If you are moving to a larger, more expensive home, consider doing it right now. Prices for Sunnyvale CA and the surrounding communities (Cupertino, Los Altos and Mountain View) are projected to appreciate by over 20% from now through 2016. If you are moving to a higher priced home, it will end up costing you more (both in down payment and mortgage payment) if you wait. A one percent increase on a 30 year, $500,000 loan will cost you over $105,000 in additional financing.

 

Interest Rate

Monthly Payment

Total cost of Loan

$500,000 – 30 year fixed interest Loan

3.75%

$2,316

$833.608

 

4.75%

$2,608

$938,896

Additional Fees Paid

 

$292.00

$105,357

 

It’s Time to Move On with Your Life

Look at the reason you’re considering to sell is it worth waiting? Are you looking to downsize? For many Sunnyvale CA residents a large portion of your wealth is tied up in the equity of your home. If you’re looking to downsize, now is the time to cash out and enjoy the freedom to travel and be on with your life.