If you thought about selling your house this year, now more than ever 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 the supply of that item is low and demand for that item is high. That defines
today’s real estate market.
Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:
“Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.”
Yun goes on to say:
“Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.”
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’s seat right now. It might
be time to hit the gas.
Author:Michele Frederick Phone: 724-321-9990 Dated: March 11th 2018 Views: 238 About Michele: ...
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Some Highlights: Whether you are selling your home, just purchase
"My husband and I looked at many houses with many different agents until we met Mick Marino at an Open House. We were impressed with his professionalism and business savvy and decided to hire him as our agent. He not only found us a great home but negotiated a great deal for us. He even drove us to the Closing. We have recommended him to several of our friends who also had nice things to say about him."