Zillow says "the magic listing window" has moved from March to May. Zillow found U.S. home sellers who listed their house the first half of May earned one percent more on their final selling price and sold their homes 20 faster.
Zillow's data scientists used its Best Time to List tool in specific Zip codes to determine the optimal time.
Why is this happening? Tight inventory. Here in Las Vegas, we only have a three-month supply of homes listed. A healthy, balanced market has a six-month supply.
What does that mean for buyers? Many things:
Get preapproved not prequalified from a lender. Sellers today can be quite picky. Almost all want to see the lender preapproval submitted with every offer. I have run across sellers who won't let buyers IN unless their agents see the preapproval letter first. Really.
If you see something you want, make your best offer the first one. If you like it, chances are someone else does too. With low inventory, you have to get there first with THE BEST offer to win the prize.
Have your Realtor set you up on alerts, so you can see the new listings in real time. The goal is to be the first to know.
Sellers: Just because there is a dearth of homes on the market doesn't mean you can make up a price. With so much knowledge on the Internet, buyers today are super savvy. They won't pay too much for a home.
If you want to list your home in May, call, text, email or send a carrier pidgeon. I am here for you!
Acquisition Debt is the amount of money borrowed used to buy, build or
""When it was time to buy my new home obviously I stayed with Monica as she had done such a great job with selling my home. When we found the home of my dreams it was cleaning day at the sold house but that didn't stop Monica, she called the realtor at the open house and explained that we were dirty and untidy but were serious and would like to view the home could he wait for us? He did, and it was perfect, Monica placed the offer that very night, it was accepted and I am now so happy in my new home. Professional, knowledgeable, and an expert at what she does, she surpassed herself. When my lender fell through Monica put me in touch with a lender that closed my deal in 14 days and she closed the house early for me too! I cannot recommend Monica enough, complete full service realtor that truly cares for her clients I give her 5 stars! Thank you for everything Monica"