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’s real estate market. Jonathan Smoke, Chief Economist atrealtor.com, revealed in a recent article that: “The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.” Smoke goes on to say: “We started the year with the lowest inventory of homes available for sale that we’ve ever seen onrealtor.com.While we did see inventory grow 2% in February, total inventory was down 11% over last year.” 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.
Author:Jan Snook Phone: 843-437-3330 Dated: April 19th 2017 Views: 68 About Jan: ...
View our latest blog posts in your RSS reader. Click here to access.
Throughout the 15 years of my real estate career, I have acquired the reputation for being highly motivated and committed to meeting all of my clients needs. It there is one thing I I expect from my efforts, it is to bring a sense of ease to the complex business of buying and selling Real Estate. Keeping you informed and current on the events of your transaction is paramount.
Since 2016 started, we've been CRAZY busy with listings and showings a
"Sold a Single Family home in 2014 in Mount Pleasant, SC.
Jan and Paul are the very best team in real estate. Jan makes me feel as though I am her one and only client. Jan is so gracious and warm, and made me feel immediately comfortable with her, like a long lost friend. She goes above and beyond in every aspect of the buying and selling process. Jan keeps her finger on the pulse of the real estate market at all times, and knows exactly what's happening at any given moment. She and Paul constantly stay in the loop of what's going on and keep us in the loop. Jan knows how to overcome any obstacle that may arise in the buying or selling process. I am very confident in her and appreciate all she does for us. We are blessed to have her as an agent and now as a friend."