It Might Be Time To Sell

It Might Be Time To Sell

Is it time to sell?

Well, there were 850K new home permits issued in June of this year.

And that, my friend is your competition in the future. 

Don't get me wrong, the shortage of homes on the market compared to the glut of buyers that we have was gong to be addressed in one way or the next. The building industry has seen the need for more homes and in conjunction with financiers addressed it. B

But you still have time to act while we are in a sellers market.

How will this impact buyers?

More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy:

“The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief in alleviating housing supply shortages.”

How will this impact sellers?

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:

  1. A great price on their home as buyers outbid each other for it.

  2. A quick sale as buyers have such little inventory to choose from.

  3. Fewer hassles as buyers don’t want to “rock the boat” on the deal.

Bottom Line

If you are considering selling your house, you’ll want to beat this new competition to market to ensure that you get the most attention on your listing and the best price for your house.


Liz Abrams Headshot
Author:
Phone: 757-644-3800
Dated: August 13th 2018
Views: 255
About Liz: Liz Abrams is co-founder and CEO of Abrams Realty. She and her Husband, Jim, Abrams, own and manage ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Retiring 3 Reasons Why Virginia Beach Should Be One Of Your Top Choices - Preparing for your retirement can
How To Get Your Roommate To Pay YOUR Rent - Rent isn’t cheap. It’s tough
Renting VS Buying 2019 - Owning a Home Actually Costs Less
Components Of A Home Inspection - Every home sold should have a home

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Abrams Realty
4640 Shore Drive, Suite 113
Virginia Beach, VA
757-267-9508
757-585-3564