If you have been contemplating selling your home in the community of Glen Laurel now may just be the perfect time to do so. Existing home sales across the country posted their third gain in the last four months. Investors and first-time home buyers are helping to boost the market when it comes to existing home sales, making it the perfect time to sell your Glen Laurel home. According to the National Association of Realtors (NAR) existing-home sales — including single-family homes, townhomes, condominiums and co-ops, went up by 4.3 percent from the month of December to January. This number remains very similar to what we saw during this same period of time last year.
We are also seeing a drop in the number of available homes for sale. Foreclosures still remain a large number of homes available on the market. According to the NAR foreclosures and short sales made up 35 percent of homes sold this past January. 23 percent of all homes purchased in January were bought by investors. First-time homebuyers accounted for 33 percent of all homes purchased in January up from 31 percent in December.
If you are interested in buying or selling a home in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works, and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answers and would love to sit down for a confidential review of your options.