Home Shortage May Lessen

According to a recent article in Home Illustrated magazine, a survey of homeowners indicated that 10% plan on selling their homes this year and 26% plan on selling within the next three years. The majority of these potential sellers have homes valued below $350,000, which is a sweet spot for new home buyers.

Many of these homeowners have expressed that their hesitation to sell is based on the fear that they will have difficulties purchasing another home to move into. Although this fear is very realistic and a major consideration that needs to be taken, Rachel Stults of Realtor.com points out that sellers might be surprised to learn just how much equity they have in their homes given this incredible market, and that equity can translate into a much easier time purchasing a new home.

Your Las Vegas Home Specialist Team has a large network of associates. If you are thinking about selling and buying another home in the Las Vegas area, we can help you get the best deals. And, if you are thinking about selling here and moving elsewhere, we can put you in contact with qualified and talented Realtors to help you where ever you decide to move!