Wow, this market is frustrating for realtors who are working with buyers. Â I have several buyers that I receive on a daily basis, however, if there are not homes available, how do we find buyers a home?
Well, I have resorted to door knocking to see if sellers would like to sell in the neighborhoods that my buyers are looking at. Â The days are gone where there is too much inventory on the market. Â We have a SHORTAGE of homes for sale right now.
Sellers are getting a lot more for their homes than they thought they would. Â Many buyers are coming in with all CASH making it a quick move for most sellers if they so desire. Â Of course, every market and City are different. Â But, many times a home is sold even before it hits the market due to the listing agent having their own buyers, or another realtor they know that has a buyer. Â It is just crazy!
Pending home sales ere up 4.5% from December to January and 9.5% from a year ago. Â The Pending Home Sales Index from NAP is at the highest since 4/2010. Â And, remember, the buyer tax credit was happening during that time which made demand for homes crazy back then.
It seems we are having the strongest price growth in more than 7 years which is crazy. Â Interest rates are still low, and many buyers are trying to swoop in before the interest rates go up along with home prices. Â It is frustrating for buyers due to the investors who are coming in and paying all cash. Â Many FHA buyers don't seem to stand a chance with this happening. Â Even Conventional buyers are having a hard time up against the all cash offers.
So, in essence what I am trying to convey is, if you would like to sell, now would be a great time. Â If I can be your agent, feel free to contact me. Â I have more buyers than I can find homes for right now and my team is very frustrated that we cannot help them find homes.
Give me a call at 951-204-1864 or send me an email at firstname.lastname@example.org if I can be of any help.
Joan Patterson, B.A., G.R.I., Realtor, License #01431647
Keller Williams Realty