Selling Your Home in 2015 - If You are Thinking of Selling, Now’s the Time
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, the chief economist of realtor.com, in a recent article revealed:
“Our preliminary review of April activity on realtor.com shows that traffic, searches, and listing views are up more than 35% over last year. With 3 million jobs created and close to 1.5 million new households formed in the past 12 months, many more people want a new home of their own, and they want it bad. Their patience will be tested with tight supply—indeed, the No. 1 impediment of active shoppers in April was not being able to find a home that meets their needs.”
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.
Click here to search Lake County Illinois Homes for Sale.
Jim Starwalt
Thinking of making a move?
Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.
Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com
Jim Starwalt, Broker Owner
Better Homes and Gardens Real Estate Star Homes
Phone: 847-548-2625
Jim@StarHomeTeam.com
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Selling Your Home in 2015 - If You are Thinking of Selling, Now’s the Time
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