Spring is always a very busy time in the Real Estate realm. Given the Covid-19 pandemic, the market has drastically changed. Inventory has taken a drastic drop as the number of buyers has grown. There are a few other factors that make now a great time to list and sell that home. Here are my top 3 reasons on why you should sell your home.
Lots of buyers and interest rates low!
2020 even during the pandemic has been a crazy year in the business, as Ive personally been in multiple bidding wars. Homes that are priced well per condition and location are only lasting a matter of days on the market. One could say, this is the result of more buyers than houses. Interest rates have held steady and are still favorable, so many buyers are taking advantage of it throughout the worldwide pandemic.
Things turning in the Seller’s favor
With the increased buyer activity and amount that are actively looking, the sellers seem to be in control at moment. What this means is, a seller priced correctly for location/condition can possibly expect a quick if not multiple offers once the home hits the active market. Year over year, the percentage of new listings has dropped and the number of sales has subsequently dropped right along with it. Now may be the time to get the home listed.
Is there a better time to do so?
With a new year right around the corner, why not get ahead of the curve and list it before the hundred of others do. Listing and selling ahead of the market doesn’t just make you a part of the new year and spring bunch, which means more buyers will likely see your home. More showings means higher probability of an offer!
I hope these reasons gave you some better insight as to now being the best time to get that home sold. As always, if you’re interested in getting that home sold, contact me today.