Thinking of Selling? Now Is the Time to Act

Here’s what our colleagues at Keeping Current Matters have to say about whether now is the time to sell.

(Note: In the Northern VA area, selling now is often the best choice as many of our markets have experienced low inventory for multiple years. However, the answer of whether to sell now or later is NOT the same for everyone. For a FREE personal consultation, call Terry Belt, Kevin Kleifges, Tom Hanton, or Beth Dadisman at (703) 242-3975. We’ll help you make the best move for YOU.)

WHat Is My Home Worth

************************************************************************************************

Thinking of Selling? Now Is the Time to Act | MyKCM

If you thought about selling your house this year, now 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.

Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that:

“The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.”

Smoke goes on to say:

“We started the year with the lowest inventory of homes available for sale that we’ve ever seen on realtor.com. While we did see inventory grow 2% in February, total inventory was down 11% over last year.”

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.

************************************************************************************************

The Belt Team is one of Virginia’s Top 20 Best Real Estate Agents (out of 30,000+ agents) and we take great pride in putting our clients’ interests first. We sometimes tell people NOT to sell or NOT to buy – because we use a consultative approach instead of a sales approach. If you’d like to schedule a personal consultation to educate yourself to make the decision that’s right for YOU, call us at (703) 242-3975. Don’t you deserve the BEST Realtor Team in Northern VA?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s