This spring is proving to be a true seller’s market with some of the lowest inventory we have seen in years heading into the busiest season of the year. What does this mean for you? If you have been thinking of selling, now would be an ideal time to put your home on the market. With limited homes available for purchase, properties are moving very quickly with buyers competing for listings.
With fewer homes on the market, buyers need to be prepared to move quickly once they have found the property they want to purchase. “The historically low inventory just reinforces how important it is for a buyer to be preapproved and they must be ready to act quickly when the “right one” comes along,” says Cathy Toomey, co-owner of Stone Ridge Properties.
Sandy Berkenbush, co-owner at Stone Ridge Properties adds, “we are finding a lot of sellers are thinking about getting their houses on the market sooner rather than later, that way they will be in a great position to purchase their new home with their current home firmly under agreement.”
Of course the spring season continues to be the best time of the year to list your home with the combination of improving weather and blooming landscaping working together to increase curb appeal. You will need to price your home competitively and accurately to sell quickly, and we would be happy to help you determine your home’s value today.