Now that Fall has arrived if you are home seller you might be wondering is it still a good time to sell? My answer to you is YES!! The market is shifting and before it official shifts to a strong buyer’s advantage I’m telling my sellers to sell your home now! The reason why is explain in this article by Keeping Matters Current (KMC) why a homeowner should ACT NOW to sell.
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 about the concept of supply and demand, so we understand that 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:
“Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity.”
Yun goes on to say:
“The reason sales are falling off last year’s pace is that multiple years of inadequate supply in markets with strong job growth have finally driven up home prices to a point where an increasing number of prospective buyers are unable to afford it.”
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.
Do you have a property you wish to buy or sell? Or you are thinking about making a move before the end of the year? Call or text me at 619.980.2738! I’m here to help!