Go Back To Article List

Affordable Housing Looking Feeble

Posted Wednesday, April 25, 2018

For many people searching for a new home, they discover it can be difficult finding affordable housing. According to data from the National Association of Realtors, while the median price for currently-listed homes for sale across the United States is $241,700, inventory levels in many states continue to be low. Thus, with so many people looking for homes that are harder to come by, it's definitely a seller's market. Because of this, if you've decided it's time to sell my house fast due to a job relocation, family illness, divorce, or due to a recent inheritance of property, there's no better time than now to make your property available to eager buyers.

Since 2013, millennials are buying the largest share of homes, coming in at 36 percent. But more importantly, 65 percent of millennials buying a home are doing so as first-time home buyers, so they are likely looking for properties that are very affordable. But with new housing starts and overall property inventories still running lower than in previous years, their search has become more difficult. Therefore, if you decide to sell my house fast, chances are quite good you will have a multitude of buyers who are more than willing to meet your price.

By choosing to work with us when selling your home fast due to divorce, relocation, or other circumstances, you will be in a much better position than many sellers going the traditional route. For instance, according to National Association of Realtors data regarding 2018 buying trends, 46 percent of first-time home buyers will have large amounts of student loan debt, which can greatly impact how much they can afford to spend on a property. But by choosing to sell your home fast, you will still be able to receive a fair offer for your property, but in the process make your home far more attractive to prospective buyers than perhaps many other properties.

However, it's important to note that younger buyers are not the only ones seeking new homes. In fact, senior citizens who have retired from decades of working are often seeking affordable housing. But due to being on fixed incomes, having medical bills, or other factors, they too can have a difficult time locating affordable housing. Therefore, by selling your home fast, you can open your property to these buyers as well. According to the NAR, 15 percent of seniors purchase a new home when they retire, and 25 percent do so to be closer to family and friends. 

By exploring your options, it will be easy to see that selling your house fast can be a way for both buyers and sellers to make a complicated process far easier for everyone.