At Home in the
May 2017
Midlands
Chapin, Irmo and Lake Murray Communities
Thinking of Selling? Now Is the Time to Act If you thought about selling your house this year, now 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. Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that: “The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.” Smoke goes on to say: “We started the year with the lowest inventory of homes available for sale that we’ve ever seen on realtor.com. While we did see inventory grow 2% in February, total inventory was down 11% over last year.” 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. As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.
IF YOU ARE THINKING OF BUYING OR SELLING A HOME, CALL US 803-386-0196 | brent@thedowningteam.com | www.thedowningteam.com
400 STRAWBERRY RIDGE LANE IRMO, SC MLS #419894
Inside This Issue
$699,900
7bd, 5ba | 7,440 sqft
Featured Client Reviews “Brent is the best there is! He helped me sell my first house and did an excellent job. He handled everything quickly and professionally and I knew that I could trust him to get the best possible outcome. I would definitely recommend Brent to everyone!” - Andy & Debbie H. “Brent was excellent to work with on the selling of our home. The entire process was smooth and painless. He will be our guy to call for any future purchases, sales, or recommendations. Thanks Downing Team!” - Todd & Jamie D.
Go to www.midlandshomevalues.com to find out the value of YOUR home!
Thinking about selling your home? Brent Downing
Century 21 J Bolos 1430 Richland St Columbia, SC 29201 cell: 803.386.0196 email: brentd@thedowningteam.com web: thedowningteam.com
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