SPRING MARKET IS RIPE WITH OPPORTUNITIES
Coldwell Banker Residential Brokerage
Springtime has traditionally been a robust season in the real estate industry and this year’s market is ripe with historic opportunities for both buyers and sellers. After an increase in fourth quarter home sales in 2009 and unemployment numbers stabilizing at the close of the year, buyers are more confident in their ability to meet the obligations of homeownership over the long-term. Pair that with a decline in housing inventory in many markets and it becomes clear that now is a very favorable time to be a home-seller. You can check the graphs on the right to see if this trend is happening in your neighborhood.
Historically low interest rates make this spring an incredibly optimal time to buy and sell, especially in light of the federal government’s recent announcement that they will soon stop purchasing mortgage-backed securities. The Wall Street Journal reported that this will undoubtedly increase interest rates in the near future.
The extended federal tax credit continues to bring buyers into the marketplace, and they must be under contract by April 30th. In addition to this incentive, many financial institutions have rebounded and paid back federal assistance money, bringing a wave of bonus money back into the market.
The spring market is a prime opportunity for sellers to capture motivated buyers, and sellers need to ensure their property stands out from the competition. To do so, price positioning and home presentation are critical factors in attracting a buyer’s attention.
If you or someone you know would like to discuss selling your home in the spring market and positioning it to get immediate buyer attention, I have the expertise to assist.
|
