We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand.
If you are thinking of selling your Herndon home, here are two graphs that strongly suggest that the time is now. Here is why…
According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in the market at great numbers.
The most recent Existing Home Sales Report from NAR revealed that the months’ supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year.
Listing your Herndon house for sale when demand is high and supply is low will guarantee the offers made will truly reflect the true value of your property.
Interest rates are still low and buyers are in the market for "move-in" ready homes in the Herndon area. If you are considering buying or selling a home in Herndon, please contact me to discuss your options.
Sellers can potentially save thousands of dollars in unnecessary repairs but speaking with me first. Let our expert stagers discuss with you what buyers are looking for in this market. Call me today. No obligation! No pressure! Just education! I can be reached at LAnies@HomeDCMetro.com or 202-409-7513.
Reblogged from www.KeepingCurrentMatters.com by the KCM Crew on 2/19/15.
Mom. Mother-in-law. Chef's Wife. Navy Chief's Wife. Realtor. Christian. Connector. Empty Nester. Business Woman. Foodie.