The Number One Reason You Should Sell Now

The Number One Reason You Should Sell Now

The price of any item (including residential real estate) is determined by ‘supply and demand’.  If the supply of an item is larger than the amount of people looking to purchase that item, the price will decrease.


According to the National Association of Realtors (NAR), historically there is a natural decline in buyers looking to purchase a home (also known as foot traffic) as the winter months approach. Shown in the graph below:Foot Traffic to Decline in Winter Months  Keeping Current Matters
NAR goes a step further to say that there is a direct correlation between “foot traffic” and “pending contracts/closed sales one to two months later”.

Bottom Line

The real estate market has done well to recover from the slow start we experienced due in part to the inclement weather at the beginning of 2014.  But with those winter months right around the corner, now may be the best time to get the best price.  

We are currently experiences a severe inventory shortage in the DFW market, 
specifically the areas of Frisco, Plano, McKinney and Allen.  If you have been thinking about selling and would like to know what your home is worth.  Give me a call for an in home consultation and find out what your home worth.


Deborah Boyd Headshot
Author:
Phone: 940-368-1306
Dated: October 21st 2014
Views: 9,910
About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...

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JP And Associates REALTORS
6175 Main Street #355 Frisco Texas 75034
Frisco, TX
972-375-9448
4692875503

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