Are you thinking of selling your home? Now is the perfect time to do so if you can. This is because the market favors sellers right now. It’s a seller’s market, which means there are more buyers than homes for sale, making it likely that you’ll get what you want (and then some) for your home.
Plenty of Buyers
Buyer demand is high right now in the real estate market. Many homebuyer hopefuls are actively searching for their dream homes, putting your home in high demand.
Today’s average home for sale receives at least five offers, which often results in a bidding war. These bidding wars drive the price of a home upward, which is why high buyer demand is so favorable for sellers.
Not Enough Homes
Putting your house up for sale now rather than later can be a huge benefit as there is less competition from other sellers. Also, selling now rather than later could avoid a market downturn should COVID cases rise again in the fall as predicted.
Houses are selling as fast as they’re put up for sale, and although new construction homes are being built as fast as possible, they can’t keep up with the demand at the moment.
What This Means for You
If you’re thinking of selling your home, don’t wait. As the seller, you’re in a prime position to negotiate the best deal possible for your home. As the COVID vaccine continues to be doled out and the economy begins to rebound, homes will be more readily available again, turning today’s seller’s market into a buyer’s one quickly. Don’t miss your opportunity to reap the benefits – get in touch with a real estate agent today.