If you are thinking of listing your home for sale in Lynden, WA, now is the perfect time. The major housing crisis is finally in the background and Lynden, WA real estate sales are up, along with their value. Not to mention, distressed sales are the lowest they have been in over 8 years. This is all great news for those looking to buy real estate in Lynden, WA, right? Well yes, except one major issue which is the lack of housing inventory. NAR (National Association of Realtors) has stated buyer demands continue to be the strongest it has been in years. Because the supply of homes has been so low and sellers haven’t been able to keep up with the demand, the prices have increased making it hard for buyers to get into a home for sale in Lynden. So why is it a perfect time for you to put your Lynden, WA real estate for sale on the market? Check out these great reasons.
Fall and winter is usually a slowdown in the market as everyone recoups after the warm real estate season, enjoys the holidays and prepares to get back in the Lynden, WA real estate game after the first of the year. However, there are still some very serious buyers waiting to snag that dream home for sale in Lynden.
You have less competition during this time of year. While housing inventory was tight and there was a lot of competition among buyers, some homes still didn’t move. This gives you the edge that you may not have had just a few months ago.
Interest rates aren’t the only thing that is low right now. Major household items like appliances, carpet, paint, etc. are usually marked down or buyers can tap into some great specials. Buying a home is expensive enough, but if there are repairs or replacements that need to be made, this time of year is the best time to do it.
Inventory is unlikely to get better for another couple years or so when new construction can catch up with the growing demand of housing needs. With labor markets and job growth getting healthier and stronger, there are more buyers out there who want to buy and simply cannot get into a home.
If you have been thinking of listing your Lynden, WA real estate, give me a call to discuss your options.