The calendar says it’s Spring, so we will move ever forward. Honestly, in Rochester, NY, it just takes a little sunshine for us to go out and about. The real estate market is definitely moving!
Here’s a little peep at what’s happening in Penfield, NY:
Currently there are 100 homes listed on the market.
In the last 30 days, 71 homes have gone under contract. We are seeing some multiple offers as inventory is just starting to open up. No need to panic, just be prepared. Make sure you are pre-approved (that’s different than pre-qualified) by a trusted mortgage professional, like Mike Monile of Wells Fargo.
In the last 30 days, 21 homes have sold at 97% of their asking price. We are seeing a slight rise in the average sale price.
Here’s what the numbers mean to you:
You need to be prepared. Inventory is still a little low so you want to present yourself in the most favorable light. Find out what is important to the seller and see what you can do to match time frames or price. Keep in mind that some houses are in great condition and worth the asking price, especially when listed with a real estate professional. The interest rates are phenomenal. You’re still going to win in the end. If you miss out on a multiple offer, fear not. Your preparation will meet opportunity and you’ll find the right fit.
It’s time. Sell your house. The market hasn’t been this healthy since 2001. You will get the best price for your home while inventory is still a little low. Keep in mind that sometimes the best offer is your first offer. You may even get multiple offers. Do your homework and figure out what is most important in moving your life forward. Sometimes the offer with the most money, is the least flexible on timing.
3. Sellers Who Are Also Purchasing
Sell your house. It’s time. You hear that the inventory is low, and you’re excited to get a great price but then you worry that you won’t have a place to go. You will. We can help you negotiate the terms that will keep a roof over your head. You’ll also have the same spectacular interest rate as your buyer which means you’re going to end up ahead by not waiting.
Spring really is here and there are tremendous opportunities, whether you are buying or selling or considering a second home or investment property. New down payment programs and great interest rates make everyone a winner. Even if a move is not in your future, it’s still a great idea to understand it’s value. It’s your greatest asset. Contact us today and take advantage of our Market Trend Report. What’s the market doing? It depends where you live! We’re happy to find the right numbers and the perfect fit for you!