If you’re thinking about buying a home this summer, you’re not alone. The weather is heating up and so is your competition.
Summer is one of the most popular times to buy a home. That’s why it’s so important to understand what the housing market is like for current buyers.
The more you know about the market, the more likely you’ll find a home that has what you need at the best possible price.
The Summer 2018 Housing Market
The housing market right now is strong. In fact, list prices and existing home sales have risen. But despite demand going up, the supply for houses has gone down by 14%.
This may seem problematic, but there are still plenty of perks to buying a home this season. Here’s how you can make the most out of the summer 2018 housing market:
- Think about getting a fixer-upper. Fixer-uppers may be all the rage because of HGTV, but they also make sense in today’s real estate market. The housing inventory is low. The result is that homeowners are choosing houses that need repairs later on anyway. It might be worth it to get a fixer-upper and transform it into your dream house step by step.
- Make your best offer. Don’t give up on a home you love because your offer isn’t the highest. Strong offers aren’t always about the money. In fact, sellers may opt to choose your bid because you’ll be providing a cash offer. Or maybe you offer a shorter closing period. Small things can help you stand out from other buyers.
- Check out older listings. Up to 44% of home buyers report looking online for real estate properties, and older listings tend to be taboo. But older listings aren’t necessarily bad. Sometimes a house can end up on the market for a longer time because the buyer got cold feet. That said, don’t discount older listings until you’ve had the chance to check it out. With houses flying off the market, any available house could be your dream home.
It can be tricky to find the right homes for sale in Bismarck ND that meet your needs and wants. Fortunately, real estate agents can help you find your dream home whether you’re in Bismarck or Mandan. To learn more about homes for sale in Bismarck, contact your local realtors at Integra Realty Group today.