What do buyers and sellers need to know to be smart about the Triangle housing market?
“2017 has largely been a seller’s market – low inventory and some fierce competition among buyers for specific properties. Lots of multi-offer situations,” says Tina.
That means for buyers, you need to be prepared to be flexible, and to move quickly when you find a home that meets your needs. Be sure to shop around for a mortgage. When you put in that offer, have your pre-approval in hand. New construction is always a good option if you want to eliminate the potential bidding war. If you are considering buying a home, start now. Begin the loan approval process so that when 2018 hits, you’ll be ready with the new inventory that hits the market.
If you’re thinking about selling, there are a few tips to keep in mind to maximize the profitability of your home sale. The good news is in the Triangle area, we are not seeing a slow down. Price your home to sell from the start. You only get one chance to make a first impression, and turning off buyers with your price might turn them off from your listing for good, even if you drop your price later.
Ready to make your move?