Investors all over the country are going with the “strike while the iron is hot” theory and cashing in their investment properties while they can in this heavily weighted seller’s market.
“You never know when this might come around again” said Dale Thomas who is selling his investment property in Avondale. Buyers are clamoring to get houses right now because of the extremely low inventory. Above asking price offers, favorable terms for the seller, and extra cash to the table guarantees are a few things buyers are doing right now to get their hands on a house.
And we’re already starting to see early signs of a market shift. The inventory is creeping up, and the total number of sales per month in the market is going down. All early indicators of a market shift.
By the time the pendulum swings back over to the buyer’s side, it’s too late. The momentum has already shifted. Nobody can predict when the market will shift with100% certainty, but in terms of selling a home in Phoenix, conditions have never been more favorable!
Bottom Line: Strike while the iron’s hot & get top dollar!