Selling in a Seller’s Market

No doubt about it, we’re currently in a seller’s market! If you’ve ever considered selling your home now is a wonderful time to make a move! Inventory is currently astonishingly low and sellers are getting top dollar for their homes. The fact that mortgage rates are still holding steady at an all-time low means that buyers are willing to pay a bit extra, while still breaking even on their monthly mortgage payment. What do you need to know when selling your home in this market? We’ll go over a few tips below!

  1. Are you ready? It’s likely that your home will sell fairly quickly in this market. It’s a great idea to prep your home for selling. Also, make sure you have a plan to move quickly by either having another home purchase lined up or a temporary rental plan.
  2. Why not FSBO (for sale by owner)? That’s a lot of money to risk losing when you FSBO – far more than what you’d save on commission or other fees. Despite the advantages sellers have in today’s market, it’s still crucial to have the support of an expert to guide you through the process. Real estate professionals are trained negotiators with a ton of housing market insights that average homeowners may never have. An agent’s expertise can alleviate much of the stress of selling your house and help you close the best possible deal when you do. {Source: Keeping Current Matters}
  3. Contract time! In today’s Seller’s Market, it’s likely that you’ll receive multiple offers on your home at the same time. Each contract will contain different bargaining variables from each seller. Now, which one do you pick? This is why it’s so important to use a licensed REALTOR when listing your home. Even a seasoned homeowner can become overwhelmed in a multiple offer situation. Your agent will be able to organize and talk through each offer scenario to make sure that you’re accepting the right agreement for your situation.

Our team of Real Estate professionals are here to help! Contact us today to set up your complimentary listing consultation with one of our New Waters Realty agents.