If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today‚Äôs real estate market.
Jonathan Smoke,Chief Economist atrealtor.com, revealed in a recent articlethat:
‚ÄúThe biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That‚Äôs because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.‚ÄĚ
Smoke goes on to say:
‚ÄúWe started the year with the lowest inventory of homes available for sale that we‚Äôve ever seen on realtor.com. While we did see inventory grow 2% in February, total inventory was down 11% over last year.‚ÄĚ
In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.
As a potential seller, you are in the driver‚Äôs seat right now. It might be time to hit the gas.
Author:Pamela Greene Phone: 623-512-6585 Dated: April 25th 2017 Views: 517 About Pamela: ...
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3 Charts That Shout, ‚ÄėList Your Home Today!‚ÄôIn school, we all lear
"In 2013, we were in the market for a new house to upgrade from our first home. My wife was able to locate the perfect house which met our needs. That was how I met Jessica who was actually the seller's agent. She handled the negotiations and real estate related transaction with such efficiency and professionalism that we closed the deal in no time. In fact, things went so well I decided to use Jessica's help to sell our house. She went to work right away and did everything possible to make sure the house had good exposure and to generate optimum traffic. We maintained an open line of communication and worked through offers as they came. Before you knew it, the house was sold at more than a decent margin. It can be stressful to sell or buy a house; you just need the right help in your corner. I would recommend Jessica to anyone."