For the last several years, home sellers had to compete with huge inventories of distressed properties (foreclosures and short sales). The great news is that the supply of these properties is falling like a rock in the vast majority of housing markets (only 11% of homes sold in January). Many homeowners are now thinking of selling as the impact of this substantially discounted competition has disappeared.However, every seller of an existing residential property must realize that there is a new form of competition in the market: newly constructed homes.According to the National Association of Realtors’ Profile of Home Buyers & Sellers new home sales accounted for 16% of all homes sold in 2014. The graph below shows the top 5 reasons that a buyer would choose new construction over an existing home.
Author:Ann Marie Cancro Phone: 717-468-1301 Dated: March 19th 2015 Views: 370 About Ann Marie: LICENSED: Licensed Real Estate Professional since October 1990.
AFFFILIATIONS: Lancaster Assoc. o...
Welcome, and thank you for visiting the Highland Realty Group LLC and the premier website for searching real estate throughout South-East and Central Pennsylvania. We are a full service real estate company offering Sales and Management, Fine Home Sales, Rentals, Investment and Distressed opportunities, Short-Sale and foreclosure alternatives to distressed owners and more. We are available literally 24/7. Please Call or Chat using the window below, Anytime day or night!
Homeownership will always be a part of the American
"WOW! What an amazing experience. I was told by a friend that the buying process would be tedious and exhausting but Paul did everything possible to make our first time purchase an absolute blessing. Thank you Paul for a great experience - We WILL be back when our little one get older :-)"