This summer has been hot for selling homes, and here is why:
Recent data from the National Association of Realtors suggests that inventory is low on homes right now, and sellers are snapping up what's available quickly. The data showed that half properties sold recently were only on the market 39 days! This has huge implications for those selling homes right now -- its the perfect time!
Real-estate is cyclical, so while we are seeing this awesome trend for the better in selling your home, you must realize that this upward trend will come back down, perhaps by seasons' end.
"It's somewhat counterintuitive -- as the market gets better and there are fewer foreclosures available, demand for those good deals, those bargains in the market goes up," said Blomquist. "When you see this high percentage of the properties going to third-party investors, that is a sign that these speculators may be over-inflating the market."
Many economists are predicting another housing crash in the next few years, so if you want to sell your home at a good price, acting soon is the best idea to ensure getting top value for your home.
Experienced investors in the real estate market are starting to pull out just as home sales rise, because they see an economic downturn in the near future. Less experienced real estate investors are snapping up all the remaining properties, unaware. That is why it would be smart to sell while you still can.