Are You a Homeowner?
If you currently own a home, it’s important that you pay attention to the following information. As stated in previous blogs, it’s no surprise the majority of homeowners catch the lucky end of the stick when it comes to selling their homes. Mixing together a housing market supporting the ingredients of low inventory and high demand creates a recipe for competition. There are currently not enough homes to support the number of people searching, which creates competition amongst buyers, which will put you (a homeowner) at an advantage.
There’s no argument that the market has become a jungle while those on the market hunt down their new home. Homebuyers are relaxing their wants and desires when it comes to their dream home and focusing more on the needs of their family. Right now, individuals on the hunt for their new home want three things:
To be the winning bid on their dream home
To buy before the mortgage rates rise more
To buy before home prices go even higher
The “buyer needs” listed above give you leverage when you are trying to sell your home, which could mean more money in your pocket! However, what does the current market provide for homeowners looking to sell? Well, today’s market enables you to sell your home at a great price, but you're also in a better position to get the best terms to suit your needs. Based on the Realtors Confidence Index, the average home on the market received 4.8 offers. Deciding to sell your home will likely present multiple buyers competing for your home, which will likely set you up to receive over the original asking price. Who wouldn’t want that?!
Now is the time to take advantage of the market! If you have any questions throughout the process of getting your home listed, your trusted real estate advisor can help! On our team, we have experts who understand the fine print, carry the knowledge of how to compare the terms of various offers, and are willing to help you select the best price and terms for your home! If you’re on the fence, it’s time to get down and talk with a real estate professional today. Buyer demand in today’s market gives you a great opportunity to get the most out of your sale! Give us a call today at (931) 261-9001 for more information.