If you have been thinking about selling your home, there is no better time than now. According to the National Association of Realtors, buyer demand is strong throughout the majority of the country. Buyers are ready to purchase and are even competing with each other. Take advantage of the current buyer activity in the market!
Because the housing inventory is still under the 6-month supply, there is less competition, which means there are generally not enough homes for sale to entertain the number of buyers.
Banks will have fewer people applying for loans, therefore the process will be quicker, easier and more efficient. Ellie Mae‘s latest Origination Insight Report explains that the time to close a loan has dropped 43 days from 48 days in January.
There will never be a better time to move up. It is estimated by CoreLogic that home values will increase by 5.0% over the next year. If you are planning to sell a starter home and find a premium home for yourself, don’t wait.
Trey Willard, CEO The W Group
Berkshire Hathaway Home Services – United Properties