Housing Expectations On The Rise

 

For the eleventh month in a row, consumers have reported that they still feel that this is a good time to buy and more sellers are agreeing that it is also a  good time to sell.

 

As home prices go up,  potential homebuyers realize that if they don't buy soon they will probably pay  more for the same property next year.  Sellers who have been on the fence about selling, are gearing up to move forward as the housing market continues to gain ground.

 

There are still a lot of cash buyers running around and many of those buyers are making offers close to or at listed price.  This is in sharp contrast to the low-ball offer that was typical of an all-cash buyer previously.  Buyers using financing to purchase a home should be aware that well-priced properties are in great demand and they should come in strong with their first offer.

 

Sellers still deciding whether to sell or not, should use this time to inspect their own home for needed maintenance and also consider making improvements so that when the time comes to sell, the property is in good condition and shows well.   This is a win-win situation for property owners because even if they decide not to sell, the repairs or improvements will enhance the enjoyment of the property for years to come.

 

Lastly, buyers and sellers should beware of taking the TV home shows too seriously.  Although they provide some great insights and tools for consumers, we need to remember that it is often staged and produced for a dramatic effect and they are designed for entertainment.  These shows should not take the place of the advice from an experienced professional.

 

Nancy Puder is the broker and owner of Signature Properties, a prestigious real estate sales and property management firm in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415 Your calls are always welcome!