Wow, this market is frustrating for realtors who are working with buyers. I have several buyers that I receive on a daily basis, however, if there are not homes available, how do we find buyers a home?
Well, I have resorted to door knocking to see if sellers would like to sell in the neighborhoods that my buyers are looking at. The days are gone where there is too much inventory on the market. We have a SHORTAGE of homes for sale right now.
Sellers are getting a lot more for their homes than they thought they would. Many buyers are coming in with all CASH making it a quick move for most sellers if they so desire. Of course, every market and City are different. But, many times a home is sold even before it hits the market due to the listing agent having their own buyers, or another realtor they know that has a buyer. It is just crazy!
Pending home sales ere up 4.5% from December to January and 9.5% from a year ago. The Pending Home Sales Index from NAP is at the highest since 4/2010. And, remember, the buyer tax credit was happening during that time which made demand for homes crazy back then.
It seems we are having the strongest price growth in more than 7 years which is crazy. Interest rates are still low, and many buyers are trying to swoop in before the interest rates go up along with home prices. It is frustrating for buyers due to the investors who are coming in and paying all cash. Many FHA buyers don't seem to stand a chance with this happening. Even Conventional buyers are having a hard time up against the all cash offers.
So, in essence what I am trying to convey is, if you would like to sell, now would be a great time. If I can be your agent, feel free to contact me. I have more buyers than I can find homes for right now and my team is very frustrated that we cannot help them find homes.
Give me a call at 951-204-1864 or send me an email at calljoan4ahome@gmail.com if I can be of any help.
Sincerely,
Joan Patterson, B.A., G.R.I., Realtor, License #01431647
Keller Williams Realty
951-204-1864
http://inlandempirerealestate.kwrealty.com
No comments:
Post a Comment