Decide now if selling your house is the right move for you; with only a limited number of homes available right now, you have an advantage – you‘ll experience more buyer interest due to there being fewer options.
Here’s what industry experts are saying about why selling now has its benefits:
Industry experts are encouraging those considering selling to do so now due to the shortage of housing inventory causing multiple offers in competitive markets and prices remaining steady. Lawrence Yun of the National Association of Realtors (NAR) has noted the historic lows in inventory levels:
“Inventory levels are still at historic lows. Consequently, multiple offers are returning on a good number of properties.”
Selma Hepp of CoreLogic states that supply will stay low as existing homeowners have not significantly increased the new listings:
“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 from Realtor.com reports that those homes that remain desirable and ready to move–in are receiving multiple offers and prices remain high:
“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 . . .”
Finally, Jeff Tucker of Zillow agrees that appropriately priced and marketed homes should have no trouble finding a buyer:
“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”
If you’re thinking about selling your house, connect with us today to get expert insights and find the best way to sell your house.