The current real estate marketplace has unveiled a far greater demand for starter homes and first time home buyers are clamoring for increased inventory choices. Unfortunately for these hopeful home owners, past losses of home equity combined with tight job markets have dissuaded a bevy of sellers from venturing into the sales market.
The gap that exists between supply and demand has created excellent opportunity for the smart home owner who has been thinking of selling.
Conditions have changed dramatically in favor of the home seller over the preceding 12 months, creating an almost perfect storm for those hardy enough to wade in and reap the benefits available thanks to elevated sale prices, minimal competition, low mortgage interest rates and high buyer demand.
Yes – equity has been restored for more than 90% of home owners
Yes – prices have been steadily ticking upwards
Yes – bidding wars have broken out, resulting in sale prices over and above asking price
Yes – interest rates remain at historic lows
Yes – constricted inventory levels make for less time on the market
And YES - these conditions stress the essential need for hiring a skilled, experienced local marketing consultant because the real estate consumer in our current market is smarter, better informed and brings a greater expectation to their purchasing experience than in years past.
You’ll be prepared to walk confidently through the storm, starting with these tips on interviewing agents for the job.
Look for an agent who demonstrates:
- A clear understanding of your goals, your needs and your time table
- A strong marketing plan
- A professional image
- A market value fully justified by current market conditions
- Strong and fair minded negotiating skills
And the best advice we can offer is that you choose an agent you are comfortable with who is responsive to your questions and concerns.
Uncertain where to begin? Your local RE/MAX Alliance Associate is backed by the highest ranked brokerage in Colorado and is dedicated to helping you achieve your goals!