Thinking Of Selling You Should Act NOW

Dated: 03/11/2018

Views: 322

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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.


Bottom Line

As a potential seller, you are in the driver’s seat right now. It might

be time to hit the gas.

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