90 Days Or Longer To Buy A Home Is Ridiculous

Dated: 02/25/2018

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90 days average to find your dream home? I say that’s ridiculous! The housing market is very competitive right now. So competitive, that over 60% of Americans who intend to buy a home in the next 12 months have been searching for awhopping three months. 90 days of searching? That finding comes from a recent survey conducted by the National Association of Home Builders. This statistic includespeople who are searching for both new and previously-owned homes. How can it be? What's making the house-hunt take so long? Over 40% of respondents told NAHB they“can’t find a home at a price I can afford,” while 36% “can’t find a home with the features I want” and 34% “can’t find a home in the neighborhood I want.” And even ifwould-be buyers can overcome all those obstacles, nearly 30% said they "continue to get outbid whenever I make an offer.” 

The National Association of Realtors recently reported that home purchase contracts signed in January had been on the market for only 42 days, one of the shortestperiods for any January since NAR started keeping track in 2011. However, sales were down in January even though many real estate agents are reporting stronger buyertraffic. One of the biggest reasons for this dichotomy is that inventory for new listings is still low. It is the classic case of supply versus demand. Other factorsadding to the conundrum are rising home values and mortgage interest rates. 

The bottom line in all of this is there are more home buyers than there are homes available. With this kind of situation, if you want to win in this market as a homebuyer, you need a winning strategy. The Robert Lewis Group at eXp Realty employs a well-defined, 3 Weeks to Keys Home Buyer Strategy.

The strategy is simple. 

1) We are a cloud based, technology driven, agent owned, real estate company with a team of professional realtors that listen your needs and walk you through the entire home buying process. In other words, we serve you.

2) We have a short list of mortgage lenders that we trust that can close your mortgage loan in two to three weeks. This is the foundation of our strategy. When many lenders cannot close in less than 30-45 days or more this clearly sets you apart as a home buyer. 

3) We have a group of vendors from title companies, home inspectors, pest companies, contractors, electricians, plumbers, heating and air condition technicians, etc. to help us help you navigate the home buying process. 

Now, you may say that all realtors should have a strategy to help you buy a home. But, according to this survey from the NAHB, clearly most realtors do not.Especially, if 60% of Americans who want to buy a home in the next 12 months have been trying for at least 90 days and haven’t gotten the home they want. With our3 Weeks to Keys Home Buyer Strategy, you literally could be pre-approved for a mortgage today, out shopping for homes tomorrow and within three weeks we could behanding you the keys to your next home. It shouldn’t take 90 days or longer. If you want a winning strategy to get your next home in a competitive market, contactus today at 916-838-8745. Or, click on this link http://robertlewis.sca.exprealty.com/index.php to go to our website. 

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