There’s conclusive evidence the tide has turned for homeowners selling their home. How else can you explain the buying frenzy that’s going on in many communities throughout Northern California and other parts of the country. The constant quantity of properties that are appearing on the market one day and disappearing soon thereafter have stimulated the housing rebound. These are not just those troublesome foreclosures and short sales that are being scooped up at such a rapid pace. Traditional homeowners are benefiting from the turnaround.
The apprehension of many owners to test the market, have increased the possibilities for those owners that have, to achieve quick success. The market is steaming for those families that live by the golden rule, “price thy home correctly”. For those sellers that did not or can not adhere to this philosophy, you’re wasting your time and are nothing more than just bait for those owners that have decided to correctly price their home. A wave of prospective buyers have filtered through the maze that was created by difficulties in applying for and getting approved for a home loan. Lenders have loosened the strangle-hold on the requirements needed for home buyers getting loan approval and this has allowed more prospects to convert to actual buyers.
Even with other parts of our economy so unsteady, homeownership has picked up at a brisk pace. With most essential necessities rising in price such as gas and food, home values have fallen to a level that makes buying a property seem like a natural progression in life. It’s difficult to get a sense where real estate is heading nationally, but locally the signs are positive. Prospects are still enthralled by the same amenities that have always caught the eye of the buyer, location and condition. Sellers that have those two outstanding qualities going for them and complement the two with a fair price will continue having favorable outcomes.
The trifecta of motivated sellers, savvy buyers and uncomplicated lending practices have turned the tide from the housing doldrums of the last few years. There’s a small sampling to evaluate, but if the spark continues through this year, then the next few years could be a high tide in the housing sector. Please visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home, scan my informative blogs, join my professional networks on Twitter and LinkedIn and easy access to view local area homes for sale in Davis, California and the surrounding communities.