If you’re trying to decide if now’s the time to sell your house, here’s what you should know. The limited number of homes available right now gives you a big advantage. That’s because there are more buyers out there than there are homes for sale. And, with so few homes on the market, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house.
Here’s what industry experts are saying about why selling now has its benefits:
Lawrence Yun, Chief Economist at the National Association of Realtors (NAR):
“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”
Selma Hepp, Chief Economist at CoreLogic:
“We have not seen the traditional uptick in new listings from existing homeowners, so undersupply of housing will continue to heighten market competition and put pressure on prices in most regions. Some markets are already heating up considerably, but price premiums that we saw last spring and summer are unlikely.”
Clare Trapasso, Executive News Editor at Realtor.com:
“Well-priced, move-in ready homes with curb appeal in desirable areas are still receiving multiple offers and selling for over the asking price in many parts of the country . . .”
Jeff Tucker, Senior Economist at Zillow:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
Bottom Line
Here are some valuable tips on why using a Real Estate Professional is crucial:
- Pricing strategy: Determining the right listing price is crucial for attracting potential buyers. A real estate agent will conduct a comparative market analysis, considering factors such as location, size, condition, and recent sales in the area. This analysis helps determine the optimal price range, ensuring your home is priced competitively.
- Marketing and exposure: Real estate agents have access to a wide range of marketing tools and platforms to promote your home effectively. They will create professional listings, including high-quality photos and compelling descriptions, to showcase your property’s best features. Agents also leverage their networks, advertise in relevant publications, and use online platforms to maximize exposure.
- Negotiation expertise: Negotiating with buyers can be challenging, especially when it comes to pricing, repairs, or other contingencies. A real estate agent acts as a skilled intermediary, advocating for your best interests. They have experience in handling negotiations and can guide you through the process, ensuring you get the best possible deal.
- Streamlined process: Selling a home involves paperwork, legal requirements, and coordination with various parties such as buyers, inspectors, appraisers, and attorneys. A real estate agent will manage these complexities, ensuring a smooth and organized transaction. They handle the paperwork, scheduling of appointments, and coordinate with all parties involved, saving you time and reducing stress.
- Market insights and advice: Real estate agents stay up-to-date with market trends, fluctuations, and changes in regulations. They can provide valuable insights on the current market conditions, buyer preferences, and potential strategies to make your home more attractive to buyers. Their advice can help you make informed decisions and position your property effectively.
In conclusion, a real estate agent brings invaluable expertise and resources to the table when it comes to selling your home. From pricing and marketing to negotiation and paperwork, their professional assistance can streamline the process, increase exposure, and maximize your chances of a successful sale.
Let’s connect if you’re thinking of selling your home today!
