The Hetrick Team is here to help you.
2016 has been nothing if not consistent! Our best listings, priced reasonably and well-prepared for the market, are moving in a matter of days, and sometimes in just hours. As we’ve been telling you, we’ve not seen a market like this is quite some time, and this still feels different from the boom of the mid-2000s. This market is built on true supply and demand, and not on gimmicks and no-down payment programs that led to the scalding markets of that time. Those markets eventually collapsed. We don’t see that happening here.
From Our May 2016 Newsletter:
Social Media and Real Estate
Social media has become a way of life in our country over the past decade. With more and more people using sites like Facebook, and applications like Twitter, Pinterest and Instagram, having a presence on social media is almost an absolute must. But what is social media? We hear that term a lot, especially on the news and in public places. Social media is those websites and applications that give users the opportunity to create and share content for the sole purpose of social networking, or communicating with others. Social media allows people and communities to connect in ways they were unable to in the past, paving the way for new or renewed connections. More info here.
As new construction continues to make its comeback, and inventory slowly builds, the quick-sale pace may slow some, but low interest rates and the re-entry into the market of many consumers who have now recovered from losses they suffered in the early part of this decade should make for a continued robust market.
As we have noted, the housing market had three big questions heading into this year:
Will listing inventory levels rise to meet demand in the first quarter? And STILL not yet, so far.
What impact will the specter of rising interest rates have on how quickly buyers hit the market this year? Well, buyers have been and are still out in force. But interest rates are still extremely low. Buyers are still moving quickly to take advantage of the continued historically-low rates.
How will the upcoming presidential election affect real estate, and when will we begin to feel those effects? That is still to be determined. It honestly bears watching.
So, what does that mean to you? Well, if you are wanting to sell, hey, it’s May already. The market typically peaks from now through August. You don’t want to wait a second longer. Call us now. 601-460-0433.
If you are a buyer, it means you need to be monitoring the market now, getting together with a lender and an agent and preparing your plan for action. Good homes priced right are not lingering. Homes are selling in days. Summer is just a couple of weeks away. It’s only going to get tougher to take advantage of the good homes when they hit the market.
Sellers: If you have not done your planning and preparation, it’s time to get moving. Most folks need to do at least a little sprucing up, and we are here to help you figure out what to do now. Don’t forget: We go the extra mile to help our clients prepare their homes for the market; price them right; stage them well; and we invest wisely in professional photography, video and effective online marketing.
Buyers: New financing and closing regulations mean longer waits between contract and closing, so don’t assume you know what to expect. A lot has changed – in 2010, and again last October, so if you have not been in the market in several years, you’ll find our buyer orientation programs useful and beneficial. Also, buyers need the freshest, most accurate info on homes for sale to take advantage of sometimes brief windows of opportunity when the right home hits the market. And, that’s what The Hetrick Team does well. We make sure our buyer clients are ready to buy—prepared, poised and ready to go. Our buyers stay a step ahead of the market.
As we have been for 18 years, we are here to help. Just give us a call or drop us a line.