We put more houses under contract and closed on more properties than we put on the market. April and May are historically the months we start seeing more new listings, but this year we have a lot of pent up demand and buyers are able to secure a loan a little easier than they were a year ago.
Buyers – You don’t need 20% down to purchase a home.
I was surprised when talking to a group of people last week who all thought that was the only way to purchase right now. There are a few options out there (FHA is 3.5% there are 10% and 5% down options as well), if you are interested in purchasing, please call or email me so I can connect you with my banker.
Sellers – Be prepared.
Your best option may be to move twice this summer if you haven’t already found a house to move in to. I know that sounds horrible, but, if you sell quickly and aren’t prepared to make a quick decision on the purchase side, this might be a good option to start your next chapter.
Our median price has gone up, but I want to explain that doesn’t necessarily mean your house is worth more than it was a year ago (some neighborhoods..yes) what it means is that the higher priced markets are also selling, so it is helping push up the median price. This is great news for everyone!
We are seeing multiple offers at all price ranges when the property is price right, and the condition is great.
If you are thinking of selling your home, I’d love to help. Call or email anytime, we can look at your situation as see if now is the time.