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If You Are Thinking Of Selling? You Must Act NOW!

Posted by David E. DeChant on Monday, September 17th, 2018 at 9:04am.

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.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.

 

Source: https://www.keepingcurrentmatters.com/2018/09/17/if-you-are-thinking-of-selling-you-must-act-now/ 

3 Responses to "If You Are Thinking Of Selling? You Must Act NOW!"

Home Prices: The Difference 5 Years Makes wrote: [...]Links

If You Are Thinking Of Selling? You Must Act NOW!
Is Buying A Home Really More Stressful Than Planning A Wedding? [INFOGRAPHIC]
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Posted on Tuesday, September 18th, 2018 at 10:12am.

25% Of Homes With A Mortgage Are Now Equity Rich! wrote: [...]Links

Home Prices: The Difference 5 Years Makes
If You Are Thinking Of Selling? You Must Act NOW!
Is Buying A Home Really More Stressful Than Planning A Wedding? [INFOGRAPHIC]

[...]

Posted on Wednesday, September 19th, 2018 at 2:11pm.

Is The Real Estate Market Finally Getting Back To Normal? wrote: [...]A Mortgage Are Now Equity Rich!
Home Prices: The Difference 5 Years Makes
If You Are Thinking Of Selling? You Must Act NOW!




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Posted on Thursday, September 20th, 2018 at 9:48am.

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