A10F03B49704A9555CB18D6BD506641C

Act Now

Dated: 09/24/2018

Views: 181

If You Are Thinking Of Selling You Must Act NOW!

If You Are Thinking of Selling You Must Act NOW!

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 about the concept of supply and demand, so we understand that the best time to sell something is when the 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:

Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity.”

Yun goes on to say:

The reason sales are falling off last year’s pace is that multiple years of inadequate supply in markets with strong job growth have finally driven up home prices to a point where an increasing number of prospective buyers are unable to afford it.”

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

Irene Marie

Irene Marie is a lifetime resident from the MS Gulf Coast and very knowledgeable of the surrounding areas of Harrison, Jackson, Hancock and Stone counties. She was first licensed in 1984 and has been ....

Latest Blog Posts

GOVERNOR TATE REEVES RELEASES SAFE RETURN GUIDELINES FOR DMV REOPENINGS

GOVERNOR TATE REEVES RELEASES SAFE RETURN GUIDELINES FOR DMV REOPENINGS By WXXV Staff  -June 3, 2020 0 Share on Facebook Tweet on TwitterSOURCE: MGNJACKSON — Today,

Read More

Cinemark To Lure Netflix Viewers Out Of Their Homes With 5 Tickets Starting June 19

Cinemark knows it needs to roll out the red carpet to lure moviegoers back to its theaters, where sitting for a two-hour movie in a seat that was occupied by multiple strangers no longer seems.

Read More

Top Reasons To Own Your Home

Top Reasons to Own Your Home Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re in a

Read More

Jun 1 2020 46719 4

Buying or Selling a Home? You Need an Expert Kind of Guide In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate through

Read More