The spring selling season is bursting with activity as buyers take advantage of low interest rates. Real estate professionals are reporting increased showings and properties going under agreement quickly, often within days.
If you have been waiting for prices to increase before putting your home on the market, it’s time to stop waiting! The inventory of properties for sale is not large enough to meet the buyers’ demand, so home sellers shouldn’t miss this tremendous opportunity. For sellers who are unsure of the value of their home, check the links to the right to see local activity, or ask a Coldwell Banker Residential Brokerage sales professional for an overview of current market trends and a competitive market analysis. According to the National Association of Realtors® (NAR), the national median price for existing homes is now the strongest since November 2005. This may inspire you to consider making your move.
When inventory levels grow, the dramatic price increases will slow and properties may take longer to sell. Until then, buyers should do their due diligence in advance. Obtain a mortgage pre-approval, which will allow you to make a quick purchase decision, and work with a Coldwell Banker Residential Brokerage sales professional who will negotiate on your behalf. Keep your homeownership goal in sight. With the right real estate expert, you’ll be moving in no time.
If you are thinking of placing your home on the market, call a Coldwell Banker Residential Brokerage sales professional today. They will complete a competitive market analysis, review competing homes currently on the market, and will determine the inventory levels specific to your locale and price point.
