The current real estate market is full of amazing opportunities for both buyers and sellers. If you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize, there are major perks right now that you can take advantage of. The biggest perk for buyers is low interest rates with the 30-year fixed rate averaging around 3% making purchasing a home very attainable for hopeful buyers.
On the selling side of real estate, sellers are seeing major gains in their net worth thanks to owning a home. As a result, we’re seeing more of those currently renting starting to enter the market to purchase a home.
The biggest perk for sellers right now is low inventory. It seems there just aren’t enough homes on the market for the number of buyers looking to make a purchase. According to Danielle Hale, Chief Economist at realtor.com: “Total active inventory continues to decline, dropping 50 percent. With buyers active in the market and sellers still slow to put homes up for sale, homes are selling quickly and the total number actively available for sale at any point in time continues to decline." Robb Realty Group has a VIP Sellers Program to assist you with the sale of your home and to get the most amount of money in the least amount of time.
The lack of houses for sale continues to challenge the market, and with low mortgage rates fueling buyer demand, homes are hard for buyers to come by. According to the National Association of Realtors (NAR), the average house is now receiving 4.1 offers and is on the market for a little over 15 days. Robb Realty Group can assist buyers to navigate the process and get their offer accepted in this competitive market.
Buyers are ready to purchase but because of the shortage of inventory, they’re often entering bidding wars. This is one of the factors keeping home prices strong and giving sellers the upper hand in the negotiation process.
Homeowners who are in a position to sell shouldn’t wait! Listing your home this spring with low inventory and high buyer demand, will potentially yield a greater profit and your home will most likely sell quickly!
Whether you’re thinking about buying or selling a home, there are major perks available in today’s housing market. We have several options available if you need to sell first before buying and would love to discuss the options with you.