Selling your Leisure World Maryland home right now makes sense
Demand in Leisure World of Maryland Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes.Take advantage of the buyer activity currently in the market.
There Is Less Competition Right Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon!
Historically, a homeowner stayed in his or her home for an average of six years, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell.
The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all that they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the average time it took to close a loan was 44 days.
There Will Never Be a Better Time
According to CoreLogic, prices are projected to appreciate by 5.1% over the next year.
It’s Time to Move on With Your Life
You have the power to take control of the situation by putting your home on the market now. Perhaps the time has come for you and your family to move on and start living the life you desire.
Call Barbara Michaluk, Realtor and Authorized Leisure World Specialist for a individual evaluation to determine how much your home is worth in today's market. Phone 240-506-2434