The uncertainty surrounding the status of foreclosed home sales may be the break that sellers of owner occupied homes have been needing. Buyers may have fears that an accepted offer on any bank owned home on the market may not be able to close, or closing may take a very long time. Those fears are not entirely unwarranted. Non-distressed property owned by real human sellers will be a more popular option for sensible buyers.
The indefinite hold on many foreclosed homes in the process of entering the market presents a great opportunity for individual sellers. The important thing to keep in mind is that this interruption in new listing inventory could end as quickly as it began. The market change does not mean that there is a shortage of homes for sale, just that there are fewer distressed properties in the competition for buyers. Smart sellers are taking advantage of this opportunity, and anyone thinking about selling needs to seriously consider that now may be the right time to enter the market. The window of opportunity is open, and it's time to act if you want to sell your home.
Call today for a candid opinion of your home's market value and an update on the local real estate market. If your home was listed previously and failed to sell, we'll conduct an analysis of the reasons for the failure. Don't miss this opportunity.
Comments (0)Subscribe to CommentsComment