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Tag: housing market

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Homes in DeKalb County sell fast, even with limited supplies. With home shoppers turning out in droves, even during a pandemic, you might wonder why more homeowners aren’t listing their homes for sale. The concerns are simple ... and the answers are simple. Only 1% of homeowners are currently selling, according to a recent Zillow survey. The rest are sitting on the sidelines at a time when there’s a severe shortage of homes for sale — and a slew of buyers looking to buy one. The most common reason cited among all homeowners for staying put: They don’t want to become a buyer once they sell. More than a fourth of homeowners (26%) in the survey say they’re concerned about not being able to find or afford a home once theirs is sold. Zillow research shows that 63% of sellers also are buying a home. The current market is extremely competitive for buyers, with some homes going under contract in a record-low 10 days. In addition to concerns about where they might live after selling, homeowners cite general life uncertainty (22%) and expectations that waiting will bring a more favorable sales price (21%) as reasons to stay in their homes. With mortgage interest rates at historic lows, it’s not surprising that 15% of homeowners report a recent refinance as a reason for not listing their homes. While 54% percent say they will use the money they saved by refinancing to pay off debt and 50% say they would put the savings toward retirement, half say they would put that extra money toward home improvements. There are many good Real Estate agents in DeKalb County ... interview several before you list your home.
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Time To Sell You House – Or Not