Real estate experts and economists agree that the housing industry is gaining momentum. If you are planning to put your home on the market for the traditional Spring selling season, be advised that Spring has sprung early this year!
Need proof? Here are just a few of the latest headlines from some of the most respected news organizations:
Essentially, low interest rates, rising rents and a positive economic outlook are driving buyers who want to realize the dream of homeownership. With limited housing inventory, buyers are competing against one another for those properties that are priced well. This results in bidding wars, which drive up housing prices.
The message is clear for sellers. Right now is a prime opportunity to sell a home. Sellers need to ensure their property stands out from the competition with proper price positioning and home presentation. If the home is priced right and in good condition, it will sell quickly.
Buyers shouldn’t sit on the fence either. With a lack of inventory, the competition for that perfectly priced dream home is becoming fierce. Come prepared with solid financing, be ready to make a quick purchase decision and be reasonable with your offer and expectations. In some communities and price points, the buyer’s market has already tipped towards a seller’s market.
As all real estate is local, give me a call (410-235-4100/410-493-6854) so that I may provide you with a competitive market analysis and review current market conditions with you.
Changing seasons are inevitable, so take advantage of this season while it’s here!
