Maybe you guesssed that because I haven't had time to blog since April, but how nice it is to see the buyers out there and properties are selling instead of languishing on the market as they have the last few years. In fact, it's quite the opposite now - conversation among agents (and we DO network with each other) is that inventory is short and there is little for the buyers to choose from. More than one offer on a property is not uncommon. Buyers are being met with resistance if their offers are low, and those buyers that have lost a home to multiple offers are ready to put a little more on the table to make the deal work. Prices have not reflected that yet, and interest rates are almost free! This all says "Buy NOW".
We can't predict the future but we know what we are dealing with right now. Real Estate is a "today" situation. Tomorrow, it may be different. Six months from now, it may have done a complete shift. This is why appraisers won't use a house sale further back than six months, and when the market was shifting downward so quickly, they only went back for 3 months. The point is: whether you are thinking about buying, or whether you are the seller sitting back and watching - don't be on the sidelines now. GET OUT THERE! For you buyers, there is no perfect house (everyone that built a custom house will tell you they wish they had done something differently). Find a good property in a good neighborhood and bite the bullet. You will make it your own the minute you paint a room and move your furniture in. For you "would be" sellers, supply and demand creates the market -there is demand and the supply is low. Call your agent (preferably me), prep your property, and put it out there.
On another note, I had the MOST fun closing yesterday! The selling couple bought their house a few years ago and outgrew it with the addition of two children and a job change. The buying couple were excited to get their first home. It was as delightful a closing as I have ever witnessed. Both buyer and seller were so happy. But it wasn't without a few bumps. My sellers lost 3 houses to competing offers (see above) before we were able to secure the best house of the bunch - (which was only on the market for 24 hours by the time we had the contract in place.) In the meantime, the purchasers changed their moving plans about 3 times while we worked on these various contracts and close times. It was pretty hectic, but everyone worked together to make everything seamless. WOW...I'd like to do that again - tomorrow, and the next day, and the next day, and the next day...but special thanks to the buyers who were so flexible and best wishes to you in your new home on Campbell Road. I am sure Smyrna will welcome you with open arms! We'll close on the seller's new home next week and somehow I think it will be another happy day! It's nice to be a real estate agent on days like this!!