Basically sales are way-way UP. Listing inventory is way-way down.
For Buyers: Steals and deals of the desperate seller, foreclosure and short-sale variety are a pipe dream. It’s a seller’s market in The Woodlands TX. Sales in February were up 30% compared to 2011. March sales will rise in the 14% to 20% range and sales velocity is picking up. Meanwhile, unsold listing inventory is as thin as Twiggy. Half of all the homes sold in March were listed in March. Properties priced fairly, staged sexily and marketed aggressively are attracting scads of showings and multiple offers. Some times with hours or a few turns of the sun. When you find THE property, make your move or you’ll lose out. Keep in mind that at today insanely low mortgage rates the principal and interest payment per $1,000 borrowed is just under $5. If you’d like to avoid losing out on the home of your dreams, offering more to secure your choice has never cost less. Offering another $5,000 will cost less than $1 a day.
For Sellers: Inventory is at the lowest point in five years and sales are the highest in five years, congratulations, it’s a Seller’s Market. The key to attracting Top Dollar and a Fast Sale is fair pricing and supremely smart marketing – which includes staging and merchandising. So far this month, half the homes going under contract were listed this month. That means that qualified buyers are ignoring aged inventory that shows crappily (think cosmetically unkempt or dated compared to the competition) or is perceived by the buyer to be priced unfairly when considering the floor-plan, condition or location.
If your property has been on the market for more than sixty days without and offer I would recommend refreshing the cosmetic appeal of the interior and exterior and/or repositioning the price to account for condition, floor-plan or location. Tweak your positioning and presentation and you’ll get sold.
If you’re thinking of selling, choose a supremely savvy Realtor to help you position your property competitively (aggressive pricing is possible for unique properties) and prepare to move.
See what I’m talking about. . .
Let us know if we can be helpful > Ken Brand 832-797-1779