This was an interesting report from https://www.realtor.com/ by Clare Trapasso that really pointed out some new wrinkles in today’s real estate market and the people that buy and sell homes.
“In the last quarter of 2017, sellers pocketed an average $54,000 over what they originally paid for their homes,
according to a recent ATTOM Data Solutions report. That’s up 0.49% over
the previous quarter and nearly 14.6% over the same quarter the
Real Estate is always in flux and can really create a jackpot for home owners in certain economies. This is one of those economies..homes are selling fast and usually for top dollar. I was talking with an agent last night that said nicer homes in Lakewood Ohio was moving so fast he was having issues finding a home for a client.
I’m showing homes today in Chagrin Falls that if the clients like them, they will need to make an offer. Clients sometimes think Realtors are pushy, but this economy demands fast decisions on properties. If they like the property and you do not consult them on this economy it hurts the clients chances on getting that perfect home.
I have a buyer in Arizona that will be buying home in March and I haven’t even started showing her homes yet, because they will be sold in days.
If your a seller this is your glory days and getting multiple offers is common. The marketing of a property for sell is crucial to get all the potential buyers looking and making offers. The key is there are a lot of buyers and they need real estate. Not all economies allow this kind of demand for housing.
“In a sign of a stronger economy, more buyers are also opting to pay all
cash for their residential real estate. These sales made up 29% of
single-family home and condo sales in 2017. That’s up fro 28.7% in 201”
You heard it’s the economy stupid…..it is and it’s getting robust. Cash offers are common and with full price offers are definitively the preferred buyers. You also have buyers putting down more money on their mortgage to make the offers more attractive.
“”If you’re a buyer in this housing market, it’s a full-contact sport,”
says Blomquist. “The buyers with the most cash often win.”
I just sold a home for my sellers that had multiple offers on it. One contract was putting 20% down and going conventional financing. I suggested that the seller take that offer because of the cash down. My clients took my suggestion and we closed the property.
Thinking about downsizing, up sizing? I’m Brett and I specialize in selling homes fast Call me
216-703-5740 EXP Realty in Ohio and 602-363-6551 EXP Realty in Arizona.