Sellers Are Enjoying a Strong Market
Watch on your mobile device >>
A lot has happened during the past several years and as we have waited and watched the market change, we can finally say that it’s a great time to sell your home. In fact, in 2012 we reported a very strong year with a rise in sales, decline in the number of days on market for many areas plus an overall upswing in general.
Those positive trends have definitely carried into this year and as we move closer into the spring selling season, more and more sellers are finding success in their quest to make more money and sell efficiently. Part of their confidence comes from the knowledge that our housing industry has strengthened. Sellers are less worried and in fact any worrying has to do with their missing out on the current low interest rates.
Whether buying up or just from the standpoint that buyers in the marketplace are eager to lock in those historic rates, sellers know that now is the time.
Far Less Competition to Contend With Nowadays
Keep in mind that just a few years ago we had 3,300 available homes on the market whereas now there are less than a third. That lesser inventory amounts to fewer homes competing against yours so that gives you a lot more leverage in the marketplace. So much so, that many homes that have recently sold went under contract fairly quickly, in as little as two to eight weeks.
Well Priced Homes Can Expect Multiple Offers
Pricing strategies are also at play these days. Without heavily discounting the price of your home, you can still expect a lot of offers by just lowering the price a little and therefore attracting a larger pool of buyers. As soon as multiple offers come in, the situation quickly has a tendency to become a price war with more than one buyer vying for the same property.
~
If you would like to explore selling your home, contact us today. We have a lot of unique strategies designed to get your home sold for the right price, in the least amount of time and of course with the least hassle to you. We look forward to helping you achieve your real estate goals!
Tips for Buyers in Today's Real Estate Market
There
is great news on the real estate horizon lately and it directly impacts our
local marketplace. Right now, I’m coming to you from the Mike Ferry
Organization’s conference in sunny San Diego. This is where the country’s
top-producing real estate agents get together to compare notes, learn about
national real estate trends and most importantly, take away some amazing points
from real estate guru Mike Ferry.
Here’s
what we are seeing in our local marketplace:
Housing Market
Recovery Expected to Accelerate in 2013
We
saw a very strong year in real estate in 2012. The trends of increased buyer
demand coupled with fewer seller hang-ups helped to further accelerate our
housing market recovery process. There were a lot more sales on record and the
average days on market was also faring well for our region.
Historically Low
Interest Rates Continue to Dominate the Market
For
over eighteen months now we have been seeing interest rates that have never
before been available in the history of the housing market. Currently with
mortgages available as low as 3.25% for the qualified buyer, buyers can expect
very affordable monthly payments.
Pent Up Buyer
Demand Will Propel the Housing Industry
First
it was the Presidential election, then it was the holidays and after that
uncertainty about the Fiscal Cliff loomed in the air, leading to buyers not
venturing into the market. But now all that is past us and we are reporting a
lot more buyer activity. All the pent up demand is creating and will continue
to create very positive trends moving forward.
Sellers Are Getting
Multiple Offers and Prices Expected to Rise By Summer
Buyers
are not the only ones enjoying the real estate arena these days. In fact, for
the first time in a while sellers are also gaining confidence. With buyers
often unable to find what they are looking for – the end result is multiple
offers that sometimes end up in price wars. It is predicted that by end of
summer prices will start to rise.
~
If
you have been on the fence about buying your dream home – now is the best time
to get in on the action. With interest rates as low as they are and prices
still reasonably low, you can easily find a very affordable home with lots of
great amenities.
As
I mentioned in the video, five years from now you will be very glad you bought
a home at this time – that by then will have generated a good amount of equity!
Contact
us today for a customized consultation so we can help you find your dream home!
Early 2013: It's a Buyers' AND Sellers' Market
Just how much has it improved? In the St. Cloud area, we
have fewer than 1,000 homes on the market. Compare that to the height of our
real estate depression when more than 3,000 homes flooded our market, causing
home prices to plummet.
When you combine this improved inventory with historically
low mortgage interest rates and rising home values, you have the perfect recipe
for a real estate market that’s great for both buyers and sellers.
Low interest rates make getting into a home or upgrading to
a better home as inexpensive as it has been in a long time. Rates right now are
less than 3.5 percent. In fact, some of our best customers have locked into
fixed rates below 2.5 percent on 15-year mortgages.
For example, a mortgage payment today on a $100,000 home is
about $437 a month. For a $200,000 mortgage, the payment is less than $1,000 month.
And for a $300,000 mortgage, your payment can be less than $1,500 a month.
Many potential home buyers were holding out for the market
to improve, and we’ve hit that point. There’s never been a better time in
recent years to buy a home in the St. Cloud area.
Faster Turnover, Too
Best of all, selling a home doesn’t have to be a drawn-out, year-long ordeal. We can get your property sold and have you into a new home quickly. More than one half of our listed homes sell in just two to eight weeks.
Best of all, selling a home doesn’t have to be a drawn-out, year-long ordeal. We can get your property sold and have you into a new home quickly. More than one half of our listed homes sell in just two to eight weeks.
It’s possible to sell your home now and be in a better home
in time to enjoy the summer!
Give us a call or drop us a line if you’re ready to discuss
your real estate buying and selling options.
Prudential
Pladson Realty (320) 240-3363
hauck@saintcloudrealestate.com
Subscribe to:
Posts
(
Atom
)