There are three groups of people that benefit best from the current state of our real estate market.
1. The Non Equity Seller
If you know of someone with little or no equity in their home, who has been waiting on the sidelines for the right time to sell their house without having to bring money to the table, now is the time. With the decline in inventory, demand out weighing supply, sales price increases, and increase in the quality of the buyers, this group of sellers can really benefit - they can finally move on with their lives.
2. The Move Up/Scale Down Seller
There are many families in our community who have outgrown their current residence or are looking to scale down and are wondering if now is the time to do so. Although inventory has declined, these sellers can really take advantage of this market. The days on market have decreased averaging about 2 months, resulting in quicker sales and less hassle for the seller. Who wants to keep their house clean for 3-4 months with open houses every Sunday? For this seller, they are assured a quicker sale, a financially higher quality buyer, solid contract terms (even perhaps a rent back), AND a higher sales price. In turn, the seller may be able to stay in their home rent free while a replacement property is found or can even make their sale contingent on finding that replacement home.
3. The Buyer
Even with low inventory, and increasing prices, NOW is a fabulous time to buy. The low interest rates ensure that a buyer will qualify for more of a home, one that can be the perfect home for many years to come. One thing will never change, no matter what type of market conditions we are working within...people sell to people, and those are the connections we are honored to make.
If you would like to know what the value of your home is, or if you would like our expertise in any capacity, just let us know. We are here for you.
