Friday, April 9, 2021 / by Vyral Marketing
Sellers are having a fantastic time in our market right now. If you’ve been on the fence about listing your home, today I'm sharing five reasons why now is the perfect time to sell:
1. Prices have never been higher: Prices skyrocketed in the market boom of 2005/2006, and many people thought we’d never reach those same levels. Well, we’re there again in 2021. In fact, we’ve even exceeded those prices in many cases.
2. Properties are getting multiple offers: Due to high demand for homes, many sellers are enjoying multiple offers on their listings. This competition drives up the price and creates better terms for sellers.
"There isn’t much competition among sellers right now, so your listing will automatically stand out in the market."
3. Interest rates are at historic lows: You can sell your home for a higher price now because buyers are paying less interest and can afford to offer more. Though rates are low now, they won’t stay this way for long. And as interest rates rise, buyers will be less able to pay top dollar for homes.
4. Inventory is lower than ever: There isn’t much competition among sellers right now, so your listing will automatically stand out in the market. This will drive buyers to your home, which causes multiple-offer situations and increases your price.
5. More people may list in the future: Listings may increase dramatically in the future, which would ruin all the benefits sellers are enjoying now. Listings could also decrease, but nobody knows for sure. If you sell now, however, you know you’re doing so in a low-inventory market that’s full of competitive buyers.
Now that you know the benefits of listing your home now, it’s time to speak with an agent and jump into the real estate market. If you’re ready to sell or you have any questions, feel free to reach out to us to learn more. We look forward to hearing from you soon.