Most everyone is aware of the fast paced state of the Real Estate Market during the past few months. Now active and potential buyers will have another reason to celebrate. The constant demand and higher-than-asking contract prices which have been seen over the past few months, have many Investors deciding to back out of the market, as they are not finding the “deals” previously available. Low supply is also a major factor in their decision.
This is good news for the average home buyer, especially first time home buyers, who can’t compete with the cash offers that were coming in from these very Investors. With the “Summer Slam” winding down, we move into Fall and the beginning of many school sessions. This is also a great time for Buyers to find that gap in the competition. As I’ve learned, there is no right or wrong time to put your home on the market and sales continue all year round. If you’ve been waiting for the time to throw your hat in the ring, here it is! Now through the end of the year is an optimal time to jump in while the waters are calming down.