Friday, June 24, 2011

A Window for Both Buyers and Sellers

We no longer have to remind buyers why this is an ideal time to take advantage of all-time record low interest rates.
It's also becoming clear to homeowners that their home's value to a potential buyer is not likely to increase anytime soon.
One of our most reliable sources for Real Estate information and forecasts, The KCM Blog, is predicting that sellers have a window of opportunity for the next 90-120 days in which to sell their homes for the best possible price.

Any item’s price is determined by ‘supply and demand’. In many parts of the country existing housing inventory is already high and actually increasing. In addition, an inventory of distressed properties (foreclosures and short sales) will be coming to market later this year....Waiting until later this year or until next year will not guarantee a higher sales price. If anything, it probably guarantees the exact opposite.

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