2013 Buyer Considerations – Houses Are Flying Off the Shelf Part 2

 

NOTICE TO ALL SELLERS!

Welcome back to the 2005-2006 real estate market, where a lack of inventory wreaked   havoc on a buyer’s ability to get a good deal purchasing a home. Do you remember the low supply of homes creating one of the best seller’s markets in history, frustrating buyers and putting them in a position of having to pay more for a home? The market conditions for homeowners thinking about selling have perhaps created the best window of opportunity we will see for a long time to come.

 

• Housing inventory levels are low and have created a seller’s market in many areas.
• Multiple offers on properly priced homes have also boosted prices.
• Buyers are willing to negotiate and even pay more for homes they like.
• Desperate buyers with little to choose from are far more motivated to buy quickly, negotiate less and pay more.

 

Why should you take advantage of this great opportunity to sell?  Housing market conditions could change quickly. The indicators are there:

• Interest rates are rising quickly, making homes less affordable to buyers. As the buyer pool     decreases, price appreciation is likely to decline and sales time periods will increase.
• In fact, recent data from the Case Shiller Index shows that appreciation is finally beginning to slow because of higher interest rates.
• Competition from home builders ramping up activity could also impact sales.
• Housing inventory levels are beginning to increase according to the National Association of Realtors, because of rising rates.

 

So, what can you do as a seller to minimize risk and prepare for potential changes in the housing market?   Take advantage of perfect timing and SELL NOW while houses are flying off the shelf!

THE BEST TIME TO SELL IS WHEN EVERYBODY IS BUYING!

If you wait any longer, you could end up:

COMPETING WITH MANY MORE SELLERS FOR FEWER QUALIFIED BUYERS