With Rates in the low 5% and mid 4′s% (for some), buyers are back in a big way. Great Deals used to sell in 2 weeks or less are going the moment they are listed. Good Deals are now moving much quicker and homes are getting showings.
So Christmas will be coming THIS year as more people find homes and sellers start to see more offers… at least my clients.
Before you get too excited about a small shift in the market place, it’s still a great time to be buyer and it’s still a buyer’s market (but for how long) but it’s also a great time as a seller to put your home on the market because:
- Interest Rates are super low (making your home more affordable)
- There is less foreclosure inventory on the market (Equals Less Inventory)
- Banks are more reluctant to do short sales since they might be able to do a modified loan to keep the person in the home (Equals Less Inventory)
- Builders are not building at all anymore but the ones that have home standing are selling at highly reduced rates (less inventory)
- Now is a great time to MOVE UP! (if you lose 3% on $100,000 that is $3,000, if the next seller loses 3% on $300,000 that is $9,000 making it a $6,000 gain)
Why it’s great to use the Jarvis Team at Keller Williams!
- Winner of the 2008 Consumer Choice Award
- Winner of the JD Power Award for Consumer Satisfaction
- Number 1 Office in Gwinnett County. Our market share continues to grow while other’s decline.
- We can put your home on the first page of Google, Yahoo, and MSN.
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