If you’ve been on the fence about selling your home, now is the time to get off. Here are three reasons why.
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Is now the time to list? The answer… YES!
If you’ve been on the fence about selling your home, now is the time to make a move.
The Real Estate market in the River Region (Augusta, Aiken, and the surrounding area) is moving quickly. In fact, according to Realtor.com, Augusta is one of the two three cities seeing the biggest growth in their inbound to outbound ratio.
“With a high inbound/outbound ratio signaling strong external interest in a market, relative to the desire of locals to look elsewhere, an improvement in the inbound/outbound ratio can signal a potential shift in the attractiveness of a local area’s real estate market and suggests that migration trends could improve as well.” – Realtor.com
As one of our regions most experienced agents, I’m often asked, “Should I put my home on the market this summer?” If you’re asking this question, please read on!
Right now is an excellent time to list your home.
1. Supply is low. There aren’t as many homes for sale as there are buyers looking, so families who are listing now are positioning themselves favorable in our current market.
2. A New Demographic. A record number of millennials are entering the market for the first time. I’ve seen that some in this generation have delayed in purchasing until now. But, with student loans nearly paid off and their families growing, there is a new demographic looking for their next home. This will allow first-time homeowners to move up and allow those looking to downsize to take full advantage of the current conditions.
3. Homes are affordable. Currently homes are affordable, interest rates are low, and there is no shortage of buyers. According to CoreLogic, a real estate data and analytics company, “Potential buyers who tested the waters in recent years should have an easier time now, which should be especially good news for anyone who made an offer but lost their bid for a home,” said Justin LaJoie, general manager at RealEstate.com. But if mortgage rates fall further, resulting in more buyers entering the market this spring, the competition could get fierce again.”
If you have any questions for me about the current state of the market or what you can be doing as a homebuyer or seller, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.