Inventory Is Low: It's a Great Time to Sell

By
Real Estate Sales Representative with Keller Williams Towne Square Realty
If you have been watching the market, you will have seen that in many towns, homes have either sold or rented and there is little inventory coming on to replace them - so it is a really good time to sell. I was just contacted by a relocation buyer coming in the first week of January to work at a local corporation. He will be looking to buy at a time when everyone thinks is the worst time to sell. But with inventory low, now is a great time to sell. Why wait until Spring when everyone else will be competing with you? I remember closing on my own home in the middle of January. I looked for a long time and finally found a home I love in the middle of December. So don't think that people do not buy homes in the middle of the winter. It's not true! Also consider having your home staged. This will help you hold on to thousands of dollars that you might otherwise have to give away if your home has not been updated or even re-decorated recently. It makes a tremendous difference in how much you keep or give away and todays buyer wants updates and a clean fresh look. Often staging costs just a fraction of what you think it will but can really save you a fortune. If you would like to know what your home is worth, just drop me an email with the specifics or call me at 201 259-4449. There is also a form on my website that you can complete for a market analysis: www.AdrienneFrancis.com. HappyHolidays!
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Comments (4)

Bryan Robertson
Los Altos, CA

It is a good time to sell because inventory is really low.  I wrote a blog this past week noting that 15% of the homes in one of my prime markets, Los Altos Hills, was taken off the market with explicit notice that they would come back in 2011.

Some agents will wait until after the Superbowl to bring the homes back on, others will come back on once they pass the 30 day mark so the listing looks "new".  Either way, it's a sign that being on means you're one of a limited number of home available.  Buyers are out in force right now and the lack of inventory means those that can't wait will snap up existing listings.

Dec 18, 2010 05:58 AM
Kristine Ginsberg
Elite Staging and Redesign, LLC - Short Hills, NJ
NJ Home Stager

Hi Adrienne - Great post and it is a great time to sell - interest rates are low and so are home prices! I say strike when the iron's hot because interest rates are going to go up soon!

Feb 25, 2011 09:23 AM
Ryan Paliukaitis
Real Estate Solution Providers LLC - Rockaway, NJ
Cash Home Buyer

Judging by the amount of REO's the banks have back logged, this could change very quickly.  The banks also plan on unloading a good portion of this inventory very soon.  That will certain make things interesting.

May 01, 2011 04:11 AM
Eileen Covington
The Charlotte Home Team/Keller Williams - Charlotte, NC
(The Charlotte Home Team)

Adrienne, While this is the best buyers market we will ever see in our lifetimes good homes are still selling.  Here in Charlotte we are seeing a stabilization,  The market seems to be holding on and even improving without any stimulus. 

We get so many people moving to Charlotte from your area that I want tor reach out to you and let  you know we will take extra special care of any of your clients coming this way.  Check us out at www.thecharlottehometeam.com  On our site buyers can  search from MLS, save their searches and have updates emailed to them  as soon as homes that fit their criteria hit the market. 

Good luck in your business this year!

Jun 26, 2011 02:57 PM