My co-worker Stacie Dye just did a really good post about what’s going on in our present market.
I’m reposting here.
Let’s talk about the Market…
The Triangle Multiple Listing Services just released the January statistics. Take a look at the video below and read my take on what is happening.
What does this mean for Sellers? It means that the market is the healthiest it has been for some time. It also means that the inventory is low so if you are considering putting your home on the market, NOW is the right time.
What does this mean for Buyers? Our office has been writing offers like crazy and we are seeing Multiple Offer situations again so you may not have as much negotiating room as you would like and need to make solid offers and get homes under contract as soon as possible.
What is the financing situation? Lenders are requiring more paperwork and its up to you to get the documents completed in a timely manner. You need to be pre-qualified before looking at homes. There is still 100% Financing Options and the popular FHA with putting down 3.5% Down. If you need a referral let me know.
Thanks Stacie for a great post!