Beth Albanese, ERA Justin Realtor Agent, Offers Information for Fall 2018

“There are several reasons why listing your home for sale this fall makes sense. The Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. Buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes. Take advantage of the buyer activity currently in the market.

Beth continued, “There Is less competition now. Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.  Historically, a homeowner stayed in his or her home for an average of six years, but that number varies.  Many homeowners have a pent-up desire to move as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move. The choices buyers have will continue to increase. Don’t wait until this other inventory comes to market before you decide to sell. Today’s competitive environment has forced buyers to do all that they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. 

Ron Darby and Jennifer Darby Metzger, Broker-Owners added,  “There will never be a better time to move up. If your next move will be into a premium or luxury home, now is the time to move up! The abundance of inventory available in these higher price ranges has created a buyer’s market for anybody looking to purchase these homes. This means that if you are planning on selling a starter or trade-up home, your home should sell quickly and you should be able to find a premium home to call your own! According to CoreLogic, prices are projected to appreciate over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.”

For a survey of what improvements you are considering as well as a (CMA) comparative market analysis price opinion on your home’s current value, one of our ERA Justin Realty sales professionals will be glad to give you a comprehensive overview and written report, at no obligation” concluded Beth.

The entire staff at ERA Justin Realty stand ready to be of service.  Reach them at either of their two Rutherford office locations at 118 Jackson Avenue or 57 Park Avenue, or by phone at (201) 939-7500, (201) 438-0588 or (201) 933-SELL