Here are the top five reasons why you should sell your home this fall.
Are you thinking about making a move? Now is a great time, and today I want to explain why. Here are the top five reasons why this fall is the perfect time to sell:
1. Your house will likely sell quickly. According to the National Association of Realtors, the average home is selling in just 17 days. Average days on market is a strong indicator of buyer demand, so this is great news if you’re looking to sell.
2. Buyers are willing to compete for your house. Homes are still seeing multiple offers, meaning buyers will have to improve their offers to compete.
3. When supply is low, your house is in the limelight. One of the biggest challenges for buyers continues to be our low-inventory market. While this is tough for buyers, it’s great for sellers. Recently, inventory increased slightly, but it hardly made a dent in our massive shortage.
“Our crazy seller’s market won’t last forever.”
4. Forbearance finality. Now that pandemic-related forbearance periods are ending, there will be an increase in foreclosures coming in three waves. The first wave was when the eviction moratorium ended. The second wave will be a steady stream of homes entering from now to when the relief programs end. Finally, there will be a spike at the end when last-chance relief finally ends. The influx of homes will decrease your opportunity as a seller, so get ahead of the wave by selling this fall.
5. High equity and low interest rates make moving attractive. By leveraging the equity in your current home, you can find a fantastic new place to live. Low interest rates also make buying your dream home more affordable, so there’s never been a better time to move.
Here’s the bottom line: If you’re looking to sell your home, now is the perfect time. The mix of low supply and high demand won’t last forever. Take advantage while you can.
If you have any questions about today’s topic or real estate in general, please give me a call at 602-920-0306 or shoot me an email at sold500@ix.netcom.com. I look forward to hearing from you.
