The Hetrick Team is here to help you.
Central Mississippi’s blazing real estate market is still red-hot. As we roll into July, our best listings, priced reasonably and well-prepared for the market, are still moving in a matter of days, and sometimes in just hours—and this has been the case for several months now. As we’ve been telling you, we’ve not seen a market like this in 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 July 2016 Newsletter:
>Appraisals and Home Inspections
When buying or selling a home, many have heard of an appraisal and a home inspection. While both are very important to the entire transaction, an appraisal and home inspection are two very different things. If you're looking at buying a new home or property, or you're interested in selling your current property, it is beneficial for both parties to know the difference between the two and why they are important.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.
However, keep in mind there is traditionally a slow down during late summer as folks turn their attention to preparing for the start of a new school year. Many folks are not going to move their families once school starts back, so the next month is probably a critical time for sellers and buyers both.
Additionally, we wonder how the upcoming presidential election will affect real estate. Will folks pull back on spending decisions until the outcome is determined? And if so, when will that happen? It honestly bears watching. But so far, we can’t see any negative impact.
Bottom line: The market typically peaks from now through August. You don’t want to wait a second longer. Call us now. 601-664-6980.
If you are a buyer, properties are moving FAST. If you want to get settled into a new home before schools starts back, act NOW! Homes are selling in days. Demand exceeds supply. Call us now. 601-664-6950.
Sellers: 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.