7 reasons why now is a good time to sell a home!
1. Low inventory not meeting buyer demand
Fewer homes on the market, mean fewer choices for prospective buyers. Homeowners who list a home now can still benefit from the popular summer season and increased buyer demand, while also facing less market competition.
2.Homes are selling quickly
Homes that are listed are often selling quickly. Homes that are priced right and are in good, move-in ready condition are being snapped up quickly by buyers, making it easier for sellers to move out of their existing home and into their next.
3.Home prices remain strong
Tight inventory amid strong buyer demand benefits sellers by keeping home prices positive and stable.
4.Move up to the next home of your dreams
Homeowners who are financially able may be thinking about making a move. Mortgage interest rates are historically low, and homeowners have had time to think about what they want in a home whether it be a dedicated home office, a bigger backyard or a finished basement for their family to spread out.
5.Mortgage interest rates are historically low
Mortgage interest rates are at historically low levels, falling even below 3 percent for a 30-year, fixed-rate mortgage recently.
6.Want to sell, but can't find a move-up home?
Some potential sellers may want to sell, but can't find a move-up home given the tight inventory.
Why it matters: There are options that allow a seller to list a home in this hot housing market while taking advantage of temporary housing solutions until they find their "just right" next home including: leaseback agreements, long-term rental, short-term rentals, staying with friends or family, asking a REALTOR® to call past clients who have what you want, even if it is not on the market yet.
7.Selling? It pays to work with a REALTOR®
Rather than going it alone as a For Sale By Owner (FSBO), sellers can benefit from a REALTORS®' expertise in marketing, price setting and prepping the home for sale.
FSBOs sold at a median price of $300,000 compared to $380,000 for an agent-assisted home, according to the National Association of REALTORS®.