Not sure if you should sell your home now? Read on to learn why you have great timing.
Homebuyers are facing an inventory shortage, which increase the demand for houses. RealtyTrac reported that, “Cash deals hit a record 43% of home sales during the first three months of 2014.” It is harder to get financing from the lender in time due to the strict restrictions and requirements. This is because cash deals are easier to close, and time is essential in a competitive market.
Although the number of cash buyers is increasing, institutional investors are pulling back. This means, individual investors and second-home buyers make up the majority of the cash buyers. With limited inventory of homes, buyers are forced to increase their offer to compete with other buyers.
As a result of the low inventory and high demand, this is the perfect opportunity to sell. If you are behind on your mortgage payments and need to sell your home, this is the time to do it. As long as you have the right short sale experts to take care of the negotiations, you will be able to sell your home and avoid foreclosure. Please call us if you have any questions 972-342-0011