Home Sales and Prices Are on the Rise
For over a year now, home prices and sales have been on the rise, and experts are calling this the turning point for the real estate market. Factors causing this rise include improvements in the job market, a growing economy, relatively low inventory on the housing market (compared to recent demand), and low mortgage rates which are enticing more people to buy. Not only are home sales and prices on the rise, first time home buyers are increasing while days that houses stay on the market are lowering.
What does this mean for buyers?
This means that you might be finding yourself in competition with multiple buyers over the same property. It also means that house you have your eye on might not last long on the market. Put your offers in early, and be ready for counters and other buyers. Make sure you make yourself look attractive to the seller. Read here for seven ways to do that!
What does this mean for sellers?
Now might just be the time you want to sell your home. In years past, the market was on a downturn and many owners lost money on their homes. This year, you are finally in a position to match what you paid or even make money on your home. If you think you are in a short sale situation, read here for more information. You might just be able to sell that home the traditional way. If you are looking to sell your home without the hassle, read here for more information about our 99 Day Pogram.
Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. Specializing in all aspects of real estate including Birmingham, MI short sales, foreclosures and working with home buyers and sellers with Macomb County Luxury homes. When you hire Lang Premier Properties, whether you are purchasing or selling Metro Detroit Real Estate, you can rest assured that you are in good hands.