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Thinking of Selling? You Should Act NOW While Inventory Is Low | Kris and Kimberly Darney

Thinking of Selling? You Should Act NOW While Inventory Is Low

If you thought about selling your house this year, now more than ever 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.

Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:

“Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.”

Yun goes on to say:

“Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.”

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.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.

Call Us Now To Sell Your Home…

Office: 909.985.9392 or Text Us: 714.657.6634

Kris and Kim Darney – REALTORS® – Grandparents – 909.985.9392 – CA BRE# 01930954; 01464957; 01458057
This Is What’s Wrong With America

This Is What’s Wrong With America

I am frustrated that we are the scape goats for backing federal mandated “gifts” to states to cover Congress’s struggles to meet “promised” money to fix “transit” problems.

Be careful what you wish for…cause it all rolls back to you and your pocket book.

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