3 Reasons Why You Should Sell Your House Now
There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season.
1. Historically Low Inventory
Even with a slight rise in the number of houses for sale this spring, inventory remains near an all-time low.
2. Frequent Bidding Wars
As buyers face increasingly tough competition while searching for homes to purchase, they’re more likely to be flexible and generous in their negotiations. This gives a seller the opportunity to choose the best buyer for their needs and be selective about things like time to close, contingencies, renovations, and more. Working with your trusted agent is the best way to determine how to navigate the negotiation process when selling your house.
3. Days on the Market
In today’s market, sellers aren’t waiting very long to find a buyer for their house. Properties typically remaining on the market for 18 days. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.
If you’re thinking about moving, these three graphs clearly show that it’s a great time to sell your house. Contact me today to learn more about the opportunities in your local area.