Still waiting for the right price on your house? Or are you renting month to month, simultaneously looking around for your dream house? Regardless of your position as a seller or buyer, here are a few considerations of the current market to keep in mind before taking any decisions.
Fewer Homes – This is the current scenario that can be explained using simple supply and demand. There is a lower supply of houses, but with a fixed demand it creates a great opportunity for those looking to sell.Serious Buyers Still Looking – Many people who didn’t find their home during the summer are renting month to month, waiting for the right home to purchase at the right price.Decorate for Holidays – Always make sure you use the latest photos and appropriate holiday décor when necessary for a current perspective of your house. Regular updates of photos allow for a showcase of change of seasons and holiday décor.Mortgage Rates Still Low – The mortgage rates have not moved much over the past couple months and likely will not change.Quicker Transaction – Banks usually take 30-45 days during the summer market to complete your purchase but right now they are taking as little as 18-25 days.
Like always, if you need further information about the current market or if you are confused about when to sell your house, I would be more than happy to clarify every doubt.