Experts Explain the Advantages of Selling Now
Here's what you should know if you're attempting to decide whether it's time to sell your home. You have a significant advantage right now due to the limited number of available properties. This is due to the fact that there are more purchasers than available homes. And, because there are so few homes on the market, buyers will have fewer options, so you set yourself up to attract as many eyes to your home as possible.
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.”
If you're considering selling your home, let's talk so you can get the expert advice you need to make the right decision today.