Sell NOW Before Competition Hits the Market

Sell NOW Before Competition Hits the Market

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In their current edition of the Home Price Expectation Survey released last week, Pulsenomics asked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed:

“In your opinion, what is the primary driver of recent home value growth in the U.S.?”

Here are the top four reasons given by those surveyed:

Sell NOW Before Competition Hits the Market | Simplifying The Market

As we have stated before, the current lack of inventory in most housing markets has caused home appreciation to increase at greater percentages than historical averages. This means that this is a great time to sell your home as supply is low and demand is high.

However, things may be about to change…

The fortuitous situation sellers see themselves in may soon change for three reasons:

  1. As more homeowners realize their equity situation has dramatically improved over the last four years, they will be more likely to put their homes on the market.
  2. With the residential real estate sector outperforming a sluggish economy, more home builders will be looking to add new construction inventory to a depleted supply of housing stock.
  3. Many banks are just now foreclosing on loans that have been delinquent since the housing bust. These houses will also be coming to market.

According to Daren Blomquist, senior vice president of RealtyTrac, in the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report:

“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory.” 

Bottom Line

In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.

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Listings
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FOR SALE

165Acres

Trindle Road,
Carlisle, PA 17013

$9,000,000

Listed ByWOLFE & COMPANY REALTORS

MLS® #10246719 MLS® # 10246719 (Active)
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FOR SALE

100Acres

701 York Road,
Gettysburg, PA 17325

$8,000,000

Listed ByMILLER &ASSOC REAL ESTATE

MLS® #10185038 MLS® # 10185038 (Active)
10185037.JPGimage_shadow.png
FOR SALE

0SqFt

701 York Road,
Gettysburg, PA 17325

$8,000,000

Listed ByMILLER &ASSOC REAL ESTATE

MLS® #10185037 MLS® # 10185037 (Active)
10275918.JPGimage_shadow.png
FOR SALE

204Acres

00 Cramer Road/Ritner Highway,
Shippensburg, PA 17257

$7,900,000

Listed ByRSR, REALTORS, LLC

MLS® #10275918 MLS® # 10275918 (Active)
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FOR SALE

157.90Acres

1604 Pine Road,
Carlisle, PA 17015

$7,000,000

Listed ByRE/MAX ASSOCIATES OF LANCASTER

MLS® #10285791 MLS® # 10285791 (Active)

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© 2016 Central Penn Multi-List®. All rights reserved.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

© 2016 Greater Wilkes Barre MLS®. All rights reserved.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

© 2016 Keystone MLS Network®. All rights reserved.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

© 2016 Pocono Mountains AOR®. All rights reserved.

Listings displayed are not necessarily the listings of the provider.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

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