For Sale

Thinking of Selling you Kapolei Home?

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:

“Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.”

Yun goes on to say:

“Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.”

In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction, including the inspection, appraisal, and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.

More Information

If you need any information about selling or about buying a home on Oahu, please contact me.
See you next time, MM

#mmsellshawaii #makeithappen

About the Author

Michele McKinley

Michele faces new challenges directly and makes it work. Raised in San Diego, California, Michele started selling Real Estate in the late 1990s, she was selling new homes for an Orange County developer. Michele has sold over Sixty Million in transactions in her career. Michele attributes her success to a number of reasons, but mostly because she thoroughly enjoys her clients and gives each of them top priority. She knows how to utilize systems such as Transaction Management that frees up her time to do what she loves to do the most - connect with, support and represent her clients. Michele also loves to golf and spend time on the beach and with her 'ohana. You can email them at michele@hawaiilife.com or via phone at (808) 756-7099.

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