For many years, home sellers have had to face the grim reality that many homes have been sitting on the market for months or even years without so much as a single bid or are being sold at a fraction of their value. This has left many people stuck living in homes that their family has outgrown or that they can no longer afford. Fortunately, recent studies have shown that sellers now have good reason to expect a far better outlook.
The Buyers are Back
Recent sales reports indicate that home-buyer demand is strong and on the rise. Sales of existing and new homes have reached highs that haven’t been seen in nearly a decade. Builders are also busy seeking housing permits to build new homes, and this indicates that the demand is likely to stay strong and steady. First-time buyers are among those turning out in force, and they account for 32 percent of the recent purchases. This is most likely due to the lower fees that FHA mortgages offer first-time buyers.
Contact Your Agent Today
If you’ve been putting off selling your home due to the threat of poor market conditions, then this may be the time to get your home sold at the price that you want. You should plan to speak to your real estate agent today about how sales have been affected in your area. Your agent will be aware of local selling trends, and you may soon have your home sold to happy new buyers.