Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when theeconomywill turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone.
This spring in the2020 NAR Flash Survey: Economic Pulse, theNational Association of Realtors(NAR) has been tracking the behavior changes of homebuyers and sellers. In a reaction to their most recent survey, Lawrence Yun,Chief Economistat NAR, noted the beginnings of a turn in the market:
“After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”
The survey indicates that sellers are poised to list their homes on the market when the restrictions have been lifted. It also indicated that buyers preferences have been impacted. Buyers have shifted their preferences from urban settings to the suburbs. Buyers also are more focused on home offices, bigger yards, and more square footage. If you are considering selling your home please give me a call. There is likely a buyer match just waiting for more inventory.
Chapin, SC is known as "The Capital of Lake Murray" and with good reason. The residents of Chapin enjoy a relaxed lifestyle with the convenience of the city. Columbia, SC is just a quick 20 minute drive and shopping is even closer.You are embarking on an exciting journey, be sure that you find agents that will take time and share your enthusiasm during this process.
EXIT Midlands Realty is a full service real estate firm dedicated to assisting our clients with the purchase and sale of real estate in the Greater Columbia Area. We were founded in 2005 and quickly grew into one of the most innovative and knowledgeable firms in and around Columbia. Our staff is made up of full time professional agents that are dedicated to the profession of listing and selling real estate.
Call one of our experienced agents to assist you with your real estate needs. It would be an honor to work with you.
120 Pacific Avenue$192,400 Single Family 3 Beds, 2 Baths, 1
""I was referred to Steve in the late part of 2015 from a co-worker that bought a house and at the time I was mentally ready to buy but my credit scores/budget was not. I called Steve back in 2015 to get information which he gave me some financial companies to try but at that time I could not get the financial approval. I told Steve at that time that I needed to work on my credit scores and I will call him back. Again this was 2015…. Thinking that I would never hear from him again since I was not prepared, Steve continued to call me every few months to check on the status of my situation and he continued to give me feedback, general information and tips along the way. Not only was I a single parent with a poor credit score, but I had faced some other challenges such as 2 surgeries in 2016 and a job layoff. Thankfully, through all of this, I continued to payoff credit cards and work on my credit score and finally in July of 2017, I got the approval I needed to purchase my very first home. And of course, the first person I called was Steve! Let’s face it, relationships don’t even last as long as the relationship Steve and I established in finding my 1st home. The customer service and communication that Steve provided is rare in this day and age. Thankfully I closed on my very first house 2 weeks ago and I am overjoyed with excitement that I am able to provide a home for my child. Steve was with me every step of a way and is a testimony for others out there looking to acquire home ownership or for the ones that feel it will never happen. I would recommend Steve Slavich with the Exit Realty team any day and will continue to place my trust in him for any future real estate endeavors that I may embark upon. Thanks Steve!""