With a lackluster winter nearly behind us, spring is definitely in the air. March is finally here and we are hopeful that this spring selling season will spring like never before. Already, I am witnessing some very interesting and advantageous dynamics for home sellers.
Depending upon neighborhood, inventory has dropped significantly. To determine if the same trend is taking place in your marketplace, give me a call or send me an email so we can discuss further.
When inventory levels drop, it signifies less competition for the home seller, and limited choice for the buyer. We know that there are buyers currently in the market who have financing, know market values and are prepared to make a purchase decision. They are standing on the sidelines just waiting for their perfect home to enter the market and I’m working with a handful of them.
If you are considering placing your home on the market, but have been hesitant, waiting for prices to increase, or buyers to appear, this could be an incredibly advantageous time to finally make your move. For those who have lived in their home for some time and have built equity, selling this spring could be especially beneficial.
For those homes currently listed, I am seeing movement. Even witnessing multiple buyers for properties who have entered into bidding wars, ultimately driving the sale price upwards. Bidding wars typically take place when a home is priced competitively. With limited competition in the market, with a home that is priced accordingly, just imagine the possibilities.
If you are thinking of placing your home on the market and are not quite sure if it's the right time for you, call me or email me right away. Now is not the time to wait if you want to list your home. There is a window of opportunity here and it is uncertain how long that window will remain open. Until it closes, let's keep the fresh spring air flowing in.
