When I decided to pursue a career as a Real Estate Consultant, I have to admit that I was nervous about the state of the housing market. I knew we were in better shape than the last few years. I had witnessed several friends who had been working in real estate jump ship. As always, I have been following the public listings for homes that were for sale and did see a decrease in the amount of foreclosures as well as an increase in the sale price for a good quality home. It also appeared that these good homes were hitting the market and were being bought up almost as fast as they were being listed. But, what did I know, I was new to real estate and these were just observations by an amateur.
On Friday, I was in the office and could not believe the hustle and bustle of people moving in and out of the office. The place was literally packed with people attending meetings to close on the sale of a home. There was a constant flow of activity. Each conference room was filled with agents, clients, and representatives. There was paperwork being signed and hands being shook as keys were exchanged and people congratulated each other. This went on all day. As soon as a conference room emptied out, a new group of people entered the room and the process began again.
There has been so many stories about where the housing market is at. I have heard so much doom and gloom and had bought into so much of the hype. What I learned that day in the office was that there seems to be a silver lining. The housing market is not the same as it was before the market collapsed, but from my perspective, there is movement which is more substantial than I had realized coming into the real estate field.
I have been talking with some of the agents in the office to get their view on the housing market. The biggest challenge that many of the agents seem to be facing is the lack of homes being listed. Apparently there is an increase in the amount of buyers who have been approved for a loan and are ready to buy a home. Homes in good shape going up for sale at a well listed price are receiving multiple offers within days of hitting the market. This is a great sign that there is movement in the housing sector and that the future looks a bit more promising than what I had originally thought.
If you are a Seller, if you are thinking of selling your home, now is a great time to put your home on the market. If you are a Buyer, make sure you are pre-approved so that you can make that offer. Homes are selling quickly and you don’t want to lose out on your dream home when you find it.