Are current Main Line PA Real Estate Market Conditions Sustainable? Do you have a crystal ball? Well, I don’t either. Right now there has never been a better time to sell your home. But, that may not always be the case. In fact, I’ve been in the real estate industry for a long time and I recall when prices were booming at this level, we were seeing multiple offers and bidding wars, buyers were fighting for properties and bidding up the prices so high that they weren’t appraising. It was almost like overnight we went from having it be a total seller’s market to it being a buyers market. It truly was insane, we went from having no inventory to having a surplus of inventory. That in conjunction with the bad mortgages caused the real estate market to crash. We witnessed people were losing their homes left and right. Now, I do not think that we are going to see that happen, however, I do personally feel that there is going to be a correction in the market. So, we just don’t have a crystal ball, and if you’re waiting for the market to go up, you just never know when it could shift. Also, think of this, if you sell your home and you get a surplus of money that you weren’t expecting because the market is so strong, that means you’ll also have more money to purchase a higher-priced home. Also, keep in mind that the higher the price of the home typically the less competition there is. You’ll still most likely be competing just like the buyers are for the home you’re selling, but if you’re moving up and not down into a different price point, chances are it won’t be as competitive as what you experienced when you sold. Make it a great home selling and buying day!! Be sure to look out for my other videos and blogs like Are current Main Line PA Real Estate Market Conditions Sustainable and why now is the right time to sell and if you’d like to see my complete seller seminar see my youtube channel on the link below!
