April 2017 Market Update
Now is the Time to Sell!
Earlier this year we told you it was a good time to sell a house. Low inventory, strong market demand and an early spring created the right conditions for a strong sellers market.
Inventory and demand have not let up! Add to that a drastic increase in sales and reduction in marketing period and it is arguable the best time to sell a house since the mortgage crisis in 2008
If you’ve been on the fence about selling, now is the time to give us a call,
There has been a 16% increase in sales compared to 2016.
Inventory may be low, but that’s not deterring buyers. Year over year sales have increased 16%. Increased sales weren’t the only good news. Median Sold Price on these sales was up 4% compared to March 2016 and has reached a 9 year high.
There were 15,000 more showings this March compared to March 2016. Combine that with the decrease in inventory and the ratio of showing appointment to active listings was at an all time high of almost 6 to 1.
Considering not all active listings are appealing to buyers, that ratio is likely much higher when you factor in highly sought after neighborhoods and price ranges.
There are 10% fewer listings compared to 2016.
There were 5,000 fewer listings this March than were available last March. While that might not sound huge, consider this: listing inventory has not been this low in the peak spring market in over a decade.
The bottom line is: Consumers are ready to buy, they’re willing to pay a higher price, and they’re eager to view more properties. Now is the time sell!
To learn how to sell for the most, come to our next Home Selling Seminar at the Sheraton in Langhorne on May 4, at 6:30 pm.
If you are thinking about selling, contact us today at 215-757-7257 or TheSwainTeam@gmail.com to learn how we can help you sell for the most!
April 2017 Market Update
The Swain Team sells Home in 1 day!
Sold in 1 DAY! This Pennsbury school district home was placed on the market on a Thursday afternoon and our seller had a FULL PRICE offer the next morning! The home wasn’t even on the market for a full 24-hours before an offer was received. The home was priced within 3% of the market just as we advised, to facilitate a sale within 30 days. Mortgage rates are historically low so the buyers are out there and getting great rates from their mortgage lenders. The story of this sale proves that with expert Realtors on your side we can get your home sold FAST for the most money. The Swain Team employs advanced marketing tactics to ensure the highest demand for your home. The higher demand for your home = More Money!
So, please don’t keep us a secret! If you or someone you know is looking to buy or sell a home, give us a call at 215-757-7257 or email us at TheSwainTeam@gmail.com. We’d love to help you with all your real estate needs! We’re always here to help!
Credit scores for millions of Americans may soon increase due to two major changes in credit scoring.
Starting July 1, the three major credit agencies — Experian, Equifax and TransUnion — are dropping certain negative information from credit reports, including tax liens and civil judgments.
According to FICO, out of the 200 million Americans with credit scores, 12 million consumers will see them increase in July. However, it may not be by much. FICO projects 11 million consumers will see a score increase of less than 20 points.
"It's good news for the consumer, clearly, because the credit score is used almost ubiquitously across the world of consumer finance, and lenders use it, insurance companies use it, credit carders use it," said John Ulzheimer, a credit specialist who has worked for Equifax and FICO.
If you are interested in buying, contact The Swain Team today for a free Buyer Consultation. We will review the process with you as well as help you get preapproved and find the best loan program available for you. 215-757-7257 or TheSwainTeam@gmail.com
Positive Changes in Credit Scoring Coming July 2017