Maybe It’s Not a Good Idea to Wait to Sell Your House …
We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling your house, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.
There are no homes available…Where am I going to move to?
That is the number one question on homeowners’ minds right now. Low inventory of homes also affects you, and I have a solution. Do the right marketing, and find the perfect buyer that sees the value of owning your home and wanting to call it their own. Advertise upfront the home is contingent upon you finding a home of your choice and successful negotiations and inspection contingency removal within X number of days. Buyers are as frustrated as you are and are willing to work with you and wait. We can make this a Win ~ Win
High Buyer Demand
Demand is strong, and buyers are actively searching for homes to purchase. This report is very interesting to review and I would recommend you take a peek. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered “very strong” in almost every state. Homebuyers aren’t just great in number right now – they’re also determined to find their ideal home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers.
What NAR Doesn’t Tell You…
Your location and price range is also a factor in whether or not you’ll be in a bidding war situation. If your curious, I recommend you review your 3-year live trends by city and …“Know the Market Your In” This is a detailed report and you do have access to search for SOLD homes directly from the Multiple Listing Service. I’m a firm believer, do your homework upfront based on facts and start with the money.
Low Inventory of Houses for Sale
Purchaser demand is so high, the market is running out of available homes for sale. Danielle Hale, Chief Economist at realtor.com, explains:
“For most sellers listing sooner rather than later could really pay off with less competition from other sellers and potentially a higher sales price… They’ll also avoid some big unknowns lurking later in the year, namely another possible surge in COVID cases, rising interest rates and the potential for more sellers to enter the market.”
New Construction Forecast
At the same time, homebuilders are increasing construction this year, but they can’t keep up with the growing demand. While reporting on the inventory of newly constructed homes, the U.S. Census Bureau notes:
“The seasonally‐adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.”
Inventory levels for Macomb and Oakland County
I prepare the report by the 15th of each month a detailed report on City trends. You have access to a 3-year graph regarding average price broken down into 50k increments. So choose your city and choose your price range for easy access to accurate trends. I also include Month Supply on Market so you’ll know how your negotiation power.
What Does This Mean for You?
If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. You are also in a great position negotiating terms, such as giving you time to find your ideal home. That’s exactly what’s happening in the real estate market today.
As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.
When You Sell, 🛑 STOP Doing This!
No 2 homes are alike, and agents need to 🛑 marketing 1 size fits all. We no longer have an exposure problem (internet). Your home is buried on public home search internet sites. The only way to compete on those platforms is the price. If you want more money, you need to apply Influence. Separate your home from the competition so the Buyer sees value. It’s a must to keep them focused on your property and not get lost in homes’ inaccurate data on the public internet sites. Having digital omnipresence on serval platforms is your key to success. Remember MORE INFLUENCE = MORE💰. We have details on how you can utilize High Tech Marketing and Win!
Peek into My Crystal Ball
Seeing this is my 3rd time I’ve been involved in a housing crisis in the real estate business. We will be watching for a shift as our economy and interest rates start bouncing back. There are 3 parts to making the most money on the sale of your property.
- Know the Market You’re In ~ Live 3-year Market Trends.
- My Blueprint is Your 🔑 to 🏡 Buying & Selling Success~ Education is key.
- Prepare a marketing plan that influences buyers.~ High Tech Digital Marketing
Could you help me Find my Perfect Ideal Home!
Please tell me what you’re looking for in your new Ideal Home…I can help you find the newest and best homes on the market.
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
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