It’s a seller’s market right now. There are fewer homes for sale which means more competition for buyers. Let’s look at a few of the reasons not to wait to place your house on the market.
Before School’s Out For Summer
Sell now at the start of the spring real estate season before people prepare to move in the summer when their kids are off school. Be sure to include both indoor and outdoor spring-cleaning projects to get your house ready to show. Moving families will want to settle into a new neighborhood, so school registration for fall is finalized, and new routines are established.
Homes Are Selling Quickly
According to Realtor.com, the median U.S. home listing price is up 15.6%, and homes are spending less time on the market than last year at this time. On average, homes stay on the market for about 54 days, which is nearly a week shorter than a year ago. And the Quad City market is seeing home sales finalized in less than seven days. Fewer homes for purchase allow those available to turn over quickly, which means you’ll have fewer open houses. If you’ve been debating on selling at a time when profit looks promising, now’s the time.
Multiple Offers Mean More Options
Fewer homes available for sale means that, as the seller, you could experience bidding wars and multiple offers. And receiving multiple offers may give you more flexibility on closing dates and fewer inspections to pass. Bidding wars produce more offers to consider and even possible cash offers from buyers.
Money In Your Pocket
Interest rates remain low, and the possibility that they will begin to rise again has incented some buyers to take the leap and act quickly now. As demand for available homes increases, so does the money in your pocket if you’re ready to sell.
Find more selling tips for homeowners at melfostercoblog.com