If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic levels and buyer demand is greatly increasing.
We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
Some real estate perdictions relect the following..
“Would-be buyers face a dilemma: There will be more homes on the market over each week of the next three to four months specially in the southern states, ( Florida being the leader ) but there will also be even more prospective buyers. We are entering the busiest season of home buying with the lowest amount of inventory in three years. To be competitive, buyers should get pre-approved for a mortgage and be ready to act quickly if they find a home that meets their needs.”
Broker Joe Pumps up your home exposure to Home Buyers in Southwest Florida like no one else! Your home will be standing above the croud!
Here is Joe's perspective in Southwest Florida:
The Winter / Spring real estate market trend in southwest Florida is starting it's normal seasonal pattern, but the year end in 2017 showed a decline IN LISTING INVENTORY is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory, if priced correctly.” even after the impacts of Hurricane Irma!
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.