Sellers Market? BUYERS MARKET!
You’ve likely heard by now that we’re in the middle of what industry experts like to call a “sellers market”, and while it’s very much true that right now is a great time to sell your home there are a number of reasons why it’s also an amazing time to buy!
How can it be both?
Granted, sellers are especially motivated right now because of low inventory and high demand – which almost guarantees a better return on their investment – but even with prices likely being higher there are still some great benefits to buyers.
It’s About Timing
Compared to last year home buyers are more ready to buy now. With the cold Winter months and the uncertainty of the elections out of the way many people are feeling more comfortable with finances.
Supply Vs Demand
Home inventory is low right now; even if there wasn’t a rush on listings their general scarcity adds a sense of urgency to the market. What if the home you want gets a better offer? This drives a lot of potential buyers off the fence and to the signing table much faster.
The Sky Is Falling
Many would be mover-uppers and potential home buyers are motivated right now because they’re afraid the mortgage rates are going to go up – and they likely should be. How does that aid in making this a buyers market within a sellers market? Because RIGHT NOW the rates are still low!
Of course money is always a factor, but with inventory being low and demand for homes being high it’s almost a certainty that home prices will also be going up. For the savvy home buyer this is a sure sign that if you’re thinking of buying any time this year it’s likely the sooner the better.
Are you considering buying a home and just having a terrible time finding the right one? Your dream home is out there and we can help you find it! Contact us or use our website to search for the current available homes today!