- Did you know that a LendingTree study states that 87% of home sellers were concerned, their homes won’t sell because of this pandemic, resulting in an economic recession? This could not be more untrue right now.
- [Lennaea] We are Gaurav and Lennaea with Get Sood, and we are your digital community market leaders.
- Right now is an amazing time to sell your home, why? Because inventory levels here in Auburn, Washington, Lake Tapps, Washington and surrounding areas, are at record lows. In fact, right now the inventory is lower than it was in January, which is traditionally low. But here locally, we are seeing one of the lowest inventory months in a while. What’s so interesting about this is that the buyers are in full demand. Yes, bidding wars are still happening. They are out in full force making offers. In fact, Zillow reported the newly pending sales are up 18.8% month over month, but total listings are down 20.7%. So they’re just is not inventory in the market as for the buyers high demand. So why are buyers in a buying frenzy? Because interest rates are low, they can afford more home right now and put less money down and their payments will be less because of the interest rates are lower. In many cases, it is actually more affordable to own a home than it is to rent one. Especially if you take into consideration the tax saving advantages from owning a home. So what does all this mean? Well, according to all of the experts, if you take a look at the graph right here, with the exception of one, five of the experts are anticipating an increase in home prices through 2022. And three out of the five are anticipating over 3% appreciation through the end of the year. This is summed up nicely by Zelman and Associates, June 25th Broker Report which states and I quote, “The severity of inventory tightness should remain a relative benefit to the home prices. But it is also a risk factor to the degree of rebound in the unit sales going forward.” So inventory is going to have a massive factor, the lack of supplies helping prices go up. So it is not just a good time to sell, is an amazing time to sell. We have helped so many sellers recently receive record breaking prices on their homes, in very short windows of time. We can give you so much more information and details, if you can meet and don’t worry, we can meet virtually as well. Our goal is to provide excellent information so you can make a good decision, for you and your family when the time is right. Feel free to reach out to Gaurav Sood or Lennaea Sood with GetSood We are always here to help.
- Check out this Video and Learn more about the current Real Estate Market ! ⚡️💥 Contact us for more details at: 💻Lennaea@GetSood.com 🌐www.GetSood.com ☎️206-571-1293 #getsood #laketapps #AuburnWa
