The real estate market is booming. There hasn’t been a better time in the history of real estate to sell your home. Right now there is extremely limited inventory. There aren’t enough houses on the market for the number of buyers that we have that want homes. Hi I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station and I’ve been helping clients sell and buy real estate for more than eleven years. The absorption rate right now is 3.5 month supply of inventory in Bryan Texas with two hundred sixty nine residential listings as of the filming of this video, which is a sign of the market hugely in favor of sellers. In College Station, Texas, the there is only a two point two months supply of inventory with three hundred seventeen listings today. I’ve NEVER in my 11 plus years in the industry seen it this low.. It’s kind of insane. What that means is that we are in a seller’s market, average days on market is 118 overall, that’s from listing all the way to closed and funded. Sellers have most of the control, and have the ability to choose the cream of the crop terms and conditions. They can be very selective when choosing which offer to take. And remember sellers, don’t be afraid to counter with anything that you want that will make the transition, terms, and experience meet all of your expectations, you’re in the position to do so. Here are few things to think about. Timeframes, choose the best timeframe for close of escrow that works for you. Also, Shorten up contingency dates for inspections, loan, disclosures and appraisal, or even better take an offer that has NO contingencies at all. You could sell the home As Is, which means that if the buyer asked for any repairs or found something wrong with the home you wouldn’t be obligated to fix it. Also, there are things that are typically customary for what a buyer would be responsible for and what a seller would be responsible for. For example, in our area, the seller pays for the title policy, but in this market you could counter that out and ask for the buyer to pay for it. There’s quite a few more things to consider and negotiate on your behalf, but I don’t want to keep you for too long, so if you’d like more information and are thinking about selling, give us a call, we are always happy to answer questions and help with anything. Please like and share this video in Facebook and be sure to subscribe to our YouTube channel Sherri Echols Realtor for more tips when selling and buying real estate. I’m your Community Market Leader Sherri Echols, a helping hand for a happy home!
