Friday, August 2, 2013

Should Sellers Worry About Rising Interest Rates and Increasing Inventory?

I'd say Heck Yes! Well, our inventory is still ridiculously low for what we consider 'normal, healthy' inventory numbers but with the rampant gouging of home buyers the first 6 months of 2013, I'd say give the sellers a little bit to worry about so the astronomical increase in pricing drops down to a more 'normal, healthy' appreciation.

If you're a home owner considering selling, yes, you should worry a little bit. Not tremendously, but don't put your head in the sand and say 'What, Me Worry?' Be educated, cautious, and careful.

The market is making yet another correction. Be aware of it. Make sure you are looking at the latest comparable sales when pricing your home for sale. Pay extra special attention to your current competition. That competitions number of days on market and price reductions in your neighborhood.

Something that should always be brought to a sellers attention, well until the first 1/2 of this year where a seller could toss it on the market and get multiple offers and all cash investor offers too!

Investors are finally disappearing from the market. Good for buyers, not as plentiful of offers for sellers.

Don't lose sleep over it, but don't be stupid with your list price. 

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