Jul 21 2017 25468 1

Dated: 07/21/2017

Views: 109


Thinking of Selling? You Should Act NOW!

Thinking of Selling? You Should Act NOW! | MyKCM

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. 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.

Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:

“Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.”

Yun goes on to say:

"Current demand levels indicate sales should be stronger, but it's clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions."

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.

Blog author image

Rudy Martinez

My name is Rudy Martinez and as a real estate professional for 20+ years and watching the market fluctuate I developed a deep understanding of the decisions that a home owner must make. The intensity,....

Latest Blog Posts

6 Reasons You Should Never Buy or Sell a Home Without an Agent

6 Reasons You Should Never Buy or Sell a Home Without an Agent Manfred Rutz/Getty ImagesIt's a slow Sunday morning. You've just brewed your Nespresso and popped open your laptop 

Read More

Seven Home Ownership Myths Holding You Back?

Replace any homeownership fears with facts... Do you want to see the fears that might be holding you back in your home search?1. "I can't afford to buy a home now." FACT: If you're paying rent, you

Read More

Homebuilder sentiment improves in October as lumber prices fall

A monthly sentiment survey from the National Association of Home Builders rises one point in October to 68. Anything above 50 is considered positive.The index is unchanged from October 2017.Lumber

Read More

Rain, rain, go away. How drainage affects your property.

Rain, rain, go away. How drainage affects your property.A little rain may be just what our plants and trees need after our dry summers, but a lot of rain can become a problem for some properties.

Read More