competing in the market

Thinking About Selling?

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If you’re a homeowner thinking about selling, don’t wait. You have a huge advantage in today’s housing market as we are in the ultimate seller’s market. The buyer demand is still at an all-time high and with very few houses on the market for sale, making it the best possible time to sell.

Buyer traffic is strong, and they are each determined to find that home that “fits the bill.” Sellers are still receiving multiple offers and these bidding wars are continuing to drive up the prices of homes.

Thinking About Selling? Read Post »

What’s Motivating People to Move

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There are a variety of different reasons why Americans are moving this year. The health crisis has truly reshaped people’s lifestyles and needs. Many folks are spending so much more time in their homes and it has made them reconsider what homeownership truly means to them.

The COVID-19 pandemic has been a major influence on consumers moves in 2020 and 2021. Whether it because they wanted to be closer to family, change in employment status or a desire for a change in lifestyle.

Remote work has become the new norm. For some, its lasting much longer than initially anticipated. Maybe your current home isn’t optimally designed for a make shift home office and it is creating a challenging working environment. Many of the current workforce is discovering that they don’t need to live so close to the office anymore and they aren’t making that daily commute. Many consumers are realizing that they can get a little more for their money if they move further away from the city.

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Your Time is Money

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When it comes to Selling a House; your time is money.

Selling a home is no small task, especially if you decide to try to do it on your own. There are several steps in a real estate transaction that are required to get to a closing. Keep in mind, you’ll be responsible for all the expert-level work of a real estate professional such as pricing your home, listing and marketing your home, legal documentation, staging decisions and safely arranging showings and open houses.

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2021 Market Update

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2021 is the year of the seller when it comes to the housing market. If you own property and you are thinking of selling, now is the perfect time to do so. There is so much opportunity for homeowners that are looking to make a move. The inventory is low and the mortgage rates are even lower.

According to NEREN, we have about a 1.5 month supply of listings currently in the State of New Hampshire. High buyer interest is creating a major imbalance between supply and demand. There has been a small uptick the last few weeks in housing inventory, due to sellers beginning to reenter the market. If you decide to put your home on the market, now is the time because you will get more activity on your house before more listings come available to the market later this summer.

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Are you ready to make a move and sell in 2021?

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Bottom line, there simply are not enough homes available to meet today’s buyer demand. Homes are selling just as quickly as they’re coming to the market. The housing inventory is at a record low. A “normal” housing market, typically has a 6-month supply of unsold inventory to balance out.

With so few homes available, we are truly in a sellers’ market. If you are a homeowner and you are ready to make a move right now, you have the opportunity to negotiate the best possible contract with buyers because the market is so competitive. On average, homes are going under agreement in less than a month and home prices are rising. In some cases, buyers are waiving contingencies, such as, inspections, appraisals and paying cash to give them more of a competitive advantage.

Are you ready to make a move and sell in 2021? Read Post »

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