{"id":1967,"date":"2017-09-28T10:00:41","date_gmt":"2017-09-28T10:00:41","guid":{"rendered":"https:\/\/thezakariagroup.com\/thinking-of-selling-your-home-competition-is-coming\/"},"modified":"2017-09-28T10:00:41","modified_gmt":"2017-09-28T10:00:41","slug":"thinking-of-selling-your-home-competition-is-coming","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/thinking-of-selling-your-home-competition-is-coming\/","title":{"rendered":"Thinking of Selling your Home? Competition is Coming"},"content":{"rendered":"
\n

\"Thinking<\/p>\n

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau<\/em> and U.S. Department of Housing & Urban Development <\/em>Residential Sales Report<\/em><\/a>, the number of these permits were up 7.7% over last year.<\/span><\/p>\n

How will this impact buyers? <\/strong><\/h4>\n

More inventory means more options.<\/em> Danielle Hale, Realtor.com\u2019s Chief Economist<\/em>, explained<\/a> this is good news for the housing market \u2013 especially for those looking to buy:<\/p>\n

\n

\u201cIt\u2019s not spectacular construction growth, but it\u2019s slow and steady in the right direction. Eventually, the pickup in single-family home construction will mean [buyers] will have more options. Especially with the limited number of sales right now, more options are really needed.\u201d<\/em><\/p>\n<\/blockquote>\n

How will this impact sellers?<\/strong><\/h4>\n

More inventory means more competition.<\/em> Today, because of the tremendous lack of inventory, a seller can expect:<\/p>\n

    \n
  1. A great price on their home as buyers outbid each other for it<\/li>\n
  2. A quick sale as buyers have so little to choose from<\/li>\n
  3. Fewer hassles as buyers don\u2019t want to \u201crock the boat\u201d<\/em> on the deal<\/li>\n<\/ol>\n

    With an increase in competition, the seller may not enjoy these same benefits. As Hale said:<\/p>\n

    \n

    \u201cAs new construction continues to increase, home shoppers will eventually have more [choices] and a bit more time to make purchase decisions compared to today\u2019s quick-moving housing market.\u201d<\/em><\/p>\n<\/blockquote>\n

    Bottom Line<\/strong><\/h3>\n

    If you are considering the sale of your home, it might make sense to beat this new construction competition to the market.<\/p>\n<\/div>\n

    Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

    The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year. […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nThinking of Selling your Home? Competition is Coming - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/thinking-of-selling-your-home-competition-is-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thinking of Selling your Home? Competition is Coming - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year. 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