Jill Moylan
Curious how Columbia’s spring real estate market is shaping up for sellers and buyers? For sellers, it’s time to jump in the pool and enjoy a satisfyingly warm reception from buyers. Buyers are ready to make you an offer with terms very much to your liking as the seller’s market continues to flourish throughout spring and early summer.
For buyers, keep steady nerves and an expert local broker beside you as you contend with choppier waters. Lack of inventory means many houses will attract multiple offers. Today’s tools for a successful buy often include above list offers, appraisal gaps, and escalation clauses.
Are you a move-up buyer in need of more room? Luckily, you will be well positioned with equity from your current home to invest into your move-up home.
Are you a first-time buyer? Although competition for scarce properties can be discouraging, don’t give up. Keep your eye on the prize of the double benefit of improved quality of life and wealth generation over time. Ask your agent for suggestions on lenders offering favorable terms for first time buyers.
While it’s hard to predict how quickly our market will balance, pent-up demand for homes will remain strong, keeping prices steady. Now is the time to get started. The first step for any buyer or seller? Establish a relationship with a top-notch trusted local real estate broker and lender today. I hope to hear from you soon!
