It is important to keep in mind that just because sellers have the advantage, it does not mean that they can cut corners. Sellers should still make the investments in their homes that will make them more sellable and more memorable to prospective buyers.
Because the market in the coming year will be very competitive, a loan commitment letter from the bank will have more credibility than a prequalification letter.
A competitive market also means there will be a lot more anticipation. Buyers can expect to see more “coming soon” properties–homes that are not yet available but will be hitting the market shortly.
For more details and information on what buyers and sellers can expect from the Queen City’s housing market in the coming year, be sure to read the full article at CharlotteObserver.com.