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! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon.
There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this summer.
Also, builder's confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family homes will ramp up this summer.
The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.
3. The Process Will Be Quicker Fannie Mae anticipates an acceleration in home sales that will surpass 2007's pace. As the market continues to strengthen, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to a new low of 42 days, after seeing a 12-month high of 48 days in January.
4. There Will Never Be a Better Time to Move Up If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.9% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
You can also lock in your 30-year housing expense .
5. It’s Time to Move on with Your Life Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
The single most popular reason that agents choose La Rosa Realty is our unique 100% Commission structure. That is absolutely no secret, La Rosa offers the most competitive commission plan in the industry regardless of the market that you are in. We did not invent the 100% commission structure, we just recreated it to include the comprehensive tools and structure that has been vacant within the industry since its inception.
Our commission plan is very simple, straight forward and are all inclusive of all the tools offered by La Rosa Realty. Plain and simple La Rosa offers the best commission structure in the entire industry, period! Welcome to Tomorrow's Real Estate Industry today. The Market is always changing and real estate agents have been forced to change the way they conduct business. Isn’t it time to find a brokerage that is doing the same?
GIVING BACK TO VETERANS WE THANK YOU FOR YOUR SERVICE AND YOU CAN
"La Rosa Realty is hands down a rarity in the Real Estate Industry. Never have I seen such passion and strive for excellence. The Broker, Joe La Rosa, makes each and every one of his agents' success a personal goal. If you're looking for a TOP NOTCH company to either find an agent to assist with your search for that perfect home or looking for an AMAZING new environment to work in... La Rosa Realty is it!!!"